Recorded: Wednesday, May 27, 2020 12:00 PM EST
Presenter
William Ranes, COPM-C
Regional Manager & COVID-19 Response Officer
Sarah Laughlin, COPM-C
Director of Human Resources & COVID-19 Response Officer
Bryan Grant
Regional Director
Introduction
You received your PPP funds. Necessary operating capital came your way and promise of “forgiveness” was an incentive in a time of significant financial need. However, the terms of loan forgiveness have been murky at best. There is good news.
On May 15th, the Small Business Administration released an eleven-page application outline providing guidance on key points necessary for PPP Loan Forgiveness.
Join us as we help you decipher what is new, what is the same and:
- How much to pay your employees
- Allowable owner’s compensation
- How to handle the FTE for employees who are not on your payroll anymore
- Necessary documentation to take advantage of the loan forgiveness
