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PPP and EIDL UPDATE: August 4TH FAQ'S, NEW LOAN OPPORTUNITIES, ADDED QUALIFIED EXPENDITURES, HOW TO HANDLE REDUCTIONS IN WORKFORCE & UPDATE ON RUBIO-COLLINS BILL



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Recording and Slides are Available Here


It is almost certain that Congress will pass the Rubio-Collins Bill that was released on Monday, July 27th.  The Bill is well thought out,  borrower-friendly, and  has support from both parties. 
 
Regardless of whether this Bill passes in the next week or sometime shortly thereafter practitioners need to know what it says and what it will do for borrowers who must plan for their situations.  To prepare for this important development, join Alan Gassman, Brandon Ketron & Kevin Cameron in their exclusive LISI Webinar where they will cover the following:    
  • Coverage of the FAQs released on August 4th
  • The  second round of PPP loans for small businesses that suffered a 50% reduction in revenue. 
  • Requirements for forgiveness for most loans under $150,000. and new rules for loans under $2,000,000
  • Flexibility added to the 8 week/24 week or somewhere in between Covered Period by allowing borrowers to select the end date of their Covered Period, and what this means for workforce reductions.   
  • Expansion of the list of qualified/forgivable expenses and access by Sction 501(c)(6) organizations.  
  • Review of the FTE safe harbors and exceptions to maintaining full employment. 
  • New rules and programs for specifically impacted industries and low income area borrowers.  
  • Hazardous EIDL loan provisions and how they may affect borrowers. 
  • Review of documentation requirements, and what  borrowers need to be gathering to submit with their Loan Forgiveness Application.
  • And MUCH MORE!


There will be no CE for this webinar


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