Answering Your Questions about the Paycheck Protection Program

April 20, 2020
The Small Business Administration’s Paycheck Protection Program has generated a great deal of interest as well as confusion among small business owners. Haynsworth Sinkler Boyd will present a webinar that will provide a comprehensive overview of the PPP as well as updates on the latest guidance from the U.S. Treasury Department and the Small Business Administration.

The Small Business Administration announced Thursday, April 16, that it has reached the $349 billion cap in approved loans under the Paycheck Protection Program and has suspended the intake of new applications. Many loans that have received SBA approval have not yet closed and received funding. For all loans approved under the Paycheck Protection Program, we will focus on eligible uses of loan funds and key issues involved in determining the loan forgiveness amount, including strategies for maximizing the loan forgiveness amount. We also anticipate that Congress will provide significant additional funding for the program, so eligible entities that have not yet applied would be well-advised to prepare their applications and be ready to submit as soon as the program is reopened. We look forward to discussing these and other issues with you on Monday.

SPEAKERS:
Will Johnson, Haynsworth Sinkler Boyd, P.A.
Perry MacLennan, Haynsworth Sinkler Boyd, P.A. 

Please visit our COVID-19 Resource Center for additional information on the CARES Act and Paycheck Protection Program. 

 

Event Details

Event Begins: April 20, 2020 at 7:00 AM
Event Ends: April 20, 2020 at 8:00 AM