Webinar: PPP – Manufacturer’s Guidance for Loan Forgiveness
May 11, 2020
Aprio’s expert panelists discuss how to effectively prepare for Paycheck Protection Program (PPP) loan forgiveness. PPP loan payments are being disbursed to approved borrowers and it’s vital to plan and document your spending over the next eight weeks to ensure you receive maximum loan forgiveness benefits. Regulations are actively evolving. In this webinar, we will cover the latest developments including:
- Allowable expenditures under PPP loan
- Fund allocation strategies to boost your balance sheet and cash flow
- Best practices for documentation
- Third-party verification to ensure spending meets PPP loan forgiveness requirements
- Forgiven PPP loan tax implications
For a consultation on the documentation of need and the requirements to maximize PPP Loan Forgiveness, reach out! Contact Aprio’s dedicated 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.