John Forbes from HW&Co and Ivan Golden of Hahn Loeser return with an update on the Paycheck Protection Program. 

Register for the webinar to get an update on the Payment Protection Program and what you need to know right now. Other topics that will be addressed are: the changes to the PPP under the new stimulus bill, for existing borrowers as well as businesses that haven’t previously utilized the program, as well as Congress’ confirmation that expenses paid with PPP loan proceeds are deductible for income tax purposes, whether or not the loans are forgiven.

TOPICS

• Reopening of the Paycheck Protection Program
  • Expansion of borrower eligibility
  • Expansion of allowable uses of PPP funds
• Second Draw Loans
  • Criteria for existing borrowers to obtain a second PPP loan
• Special access for certain borrowers 
  • 501(c)(6), minority- and woman-owned businesses, housing coops, etc.
• Tax Treatment of PPP Loans (John)
• Forgiveness process for small loans (under $150,000) 

The link to the webinar will be sent to registered participants the morning of the webinar.