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SBA PPP Forgiveness Webinar
Coffee BreakCommunityNewsJune 8, 2020
Small businesses across the country have received loans from the SBA Paycheck Protection Program (PPP). These loans have been tremendously popular, provided much-needed capital to businesses affected by COVID-19, and have an unprecedented loan forgiveness provision written in the loan.
The Senate recently passed some game-changing legislation already passed by the House related to PPP forgiveness that is expected to be signed by the President yet this week. There’s never been a more critical time to review the SBA’s Loan Forgiveness Application and associated rules to make sure that your business is taking the proper steps to have its loan forgiven.
Join Lake County Partners as they host Wipfli, LLP tax partner Terry Hoover and CIBC's Managing Director, Bert Carstens, to discuss important questions including:
- How does the new Paycheck Protection Flexibility Act affect borrowers?
- What costs are eligible for loan forgiveness?
- What are the potential reductions to loan forgiveness?
- What documentation is needed to complete the Loan Forgiveness Application?
- What are the federal income tax implications of the loan forgiveness?
- What are a bank’s responsibilities in this process?
The presentation will include a short Q&A segment if time permits. Submit questions in advance at bprusila at lakecountypartners dot com.
Join us Tuesday, June 9, 2020 at 11 A.M. using the call in information below:
Call: 1-312-626-6799
Meeting ID: 852 0064 5420
Password: 466681