SBA Loan Updates and PPP Loan Forgiveness Application Process

This webinar will cover recent updates to SBA COVID-19 related PPP loan forgiveness application process.

Representatives from the SBA and the Washington State Small Business Development Center (SBDC) will review the PPP Loan Forgiveness regulations and related applications and instructions including how it changes the rules related to owner compensation, FTE counts, the 24-week covered period, non-payroll costs and more.

Questions will be answered as time allows

Topics Covered:

EIDL and PPP Loan Update information
PPP Flexibility Act, forms, unforgiven loan info
PPP Loan Forgiveness Application process
Definitions of Payroll Use, Costs and Time Frame
Qualifying for Form EZ
Self Employed Individuals/Sole Proprietors
Definitions of Covered Period & PPP Basics
Lender Process for Loan Forgiveness & Safe Harbors
Documents needed to prove loan eligibility and forgiveness
Deduction of EIDL Advance from Loan Forgiveness
Representations, Certifications, Audits, Appeals
Step by Step Examples of the Loan Forgiveness Applications

Presenters:

Steve Burke, Washington SBDC Certified Business Advisor

Janie Sacco, Marketing and Outreach Specialist, Seattle District Office, U.S. Small Business Administration

Mark Costello, Deputy District Director, Seattle District Office, U.S. Small Business Administration

Instructions:
Zoom security protocols now require each participant have a Zoom account and be signed into their account from their computer or mobile device. https://zoom.us/ Test zoom at https://zoom.us/test

You will receive a link to the webinar before the event. Zoom will request you to ‘register’ for the Zoom meeting.