Unpacking PPP Loan Forgiveness – What You Need to Know for Maximizing Forgiveness
Your Covered Period is coming to an end, and you are getting ready to complete your loan forgiveness application. But it seems like every week there’s a change in the Paycheck Protection Program rules. Have you kept up with the changes in the SBA guidance? Failure to do so could cause your business to miss out on loan forgiveness.
Watch the webinar as Aprio’s expert panelists revisit the PPP regulations including the latest developments.
In this webinar, we cover:
- Eligible costs for forgiveness
- Limitations on non-payroll costs
- Documentation requirements and best practices
- Forgiveness reductions
- Which application is right for you
Aprio’s PPP loan expert panelists include:
- Justin Elanjian, Partner, Assurance Services
- Tommy Lee, Partner-in-Charge, Retail, Franchise & Hospitality
Contact an Aprio Advisor for PPP loan forgiveness support or reach out to Aprio’s PPP loan forgiveness team.
Disclaimer for services provided relative to SBA programs and the CARES Act
Aprio’s goal is to provide the most up to date information, along with our insights and current understanding of these programs and regulations to help you navigate your business response to COVID-19.
The rules regarding SBA programs are constantly being refined and clarified by the SBA and other agencies In certain instances, the guidance being provided by the agencies and/or the financial institutions is in direct conflict with other competing guidance, regulations and/or existing laws.
Due to the evolving nature of the situation and the lack of final published rules, Aprio cannot guarantee that additional changes or updates won’t be needed or forthcoming and the original advice given by Aprio may be affected by the evolving nature of the situation.
You need to evaluate and draw your own conclusions and determine your Company’s best approach relative to participation within these programs based on your Company’s specific circumstances, cash flow forecast and business strategy.
In situations where resources are provided by third parties, those services should be covered under a separate agreement directly with that service provider. Aprio is not responsible for the actions of any other third party.
Aprio encourages you to contact your legal counsel to address the legal implications of the impact of the CARES Act and specifically your participation in any of the SBA programs.