Maximizing Forgiveness in the
When: Wednesday, April 29
As a part of the federal response to the unprecedented economic disruptions caused by COVID-19, Congress approved and the Small Business Administration has launched The Paycheck Protection Program (PPP) and Economic Injury Disaster Loan Program to help businesses continue to operate in a time of depressed economic activity.
The program was so popular that it quickly exhausted its initial appropriation of $350 billion. Congress is working to authorize more spending on the program so more businesses can take advantage of the funding.
One of the most attractive features of PPP loans is the feature that the loans can be forgiven if certain requirements are met by the borrower. These requirements have led to plenty of questions from NAED distributors. NAED will host a question and answer session with experts to review the final rules from the Small Business Administration with a special focus on forgiveness requirements.
The Q&A will be hosted by NAED’s Sr. VP of Government Affairs and will feature Jen Vacha, CPA, and David Killion, CPA, CEPA of Brown Smith Wallace.