Top PPP Loan Forgiveness Challenges

With the deadline to apply for Paycheck Protection Program (PPP) loans approaching, organizations are turning their focus toward loan forgiveness. The uncertainty and frequent changes in the guidance and regulations released by the Small Business Administration have made it challenging for employers to determine if their loan will be forgiven, in whole or in part, and what steps should be taken to maximize forgiveness. This webinar will help employers navigate these decisions as we discuss:

• Which PPP loan forgiveness application to use
• Permissible uses for PPP loans
• Maximizing loan forgiveness
• Savings provisions and safe harbors that may ameliorate forgiveness reductions
• Documentation and certifications required for forgiveness
• Timing on when to submit the forgiveness application and when decisions can be expected
• Loan forgiveness and lamborghinis: understanding the rules of the road