SBA Programs & PPP loan forgiveness updates

Register at: https://wsbdc.ecenterdirect.com/events/99271293

The U.S. Small Business Administration (SBA), in consultation with the Treasury Department, has released a simpler loan forgiveness application for Paycheck Protection Program (PPP) loans of $50,000 or less. This action streamlines the PPP forgiveness process to provide financial and administrative relief to America’s smallest businesses

Representatives from the SBA and the Washington State Small Business Development Center (SBDC) will review the PPP Loan Forgiveness regulations and related applications.

This will be a one-hour presentation followed by 30 minutes of Q&A.

Topics Covered:

•PPP Loan Forgiveness Forms
•Changes from to PPP forgiveness application
•Definitions of Payroll Use, Costs, Covered Period & Time Frame
•Definitions of Covered Period
•Self Employed Individuals/Sole Proprietors
•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

A Zoom link will be sent to registered participants before the event.