Recorded June 18, 2020 - Updates to the Payment Protection Program (PPP) and more!! OnDemand

Course Summary:

This on-demand course, recorded on June 18, 2020, focuses on providing timely updates and crucial information regarding the Payment Protection Program (PPP) and other related economic relief measures that were relevant for businesses during that period. The session likely covers key changes to the PPP guidelines, clarifications on eligibility criteria, updates on loan forgiveness rules, and potentially other related financial assistance programs available at the time of recording. Participants would have gained insights into navigating the application process, understanding the latest regulations, and maximizing their chances of receiving and utilizing these relief funds effectively.

Target Audience:

This program was primarily intended for:

• Small business owners and entrepreneurs seeking information and updates on the PPP loan program.
• Business leaders and managers responsible for securing financial resources for their organizations during the economic challenges of 2020.
• Accountants, financial advisors, and consultants advising businesses on COVID-19 relief options.
• Anyone interested in understanding the evolving landscape of government assistance programs for businesses in mid-2020.

Main Content:

The course likely covered key topics such as:

• Updates to PPP Loan Guidelines: Any changes or clarifications issued since the initial program launch.
• Eligibility Requirements: Detailed review of who qualified for the PPP loan as of June 2020.
• Loan Forgiveness Rules and Processes: Explanation of the criteria and procedures for PPP loan forgiveness based on the latest information available.
• Allowable Uses of Funds: Guidance on how PPP funds could be used to cover eligible expenses.
• Interaction with Other Relief Programs: Information on how the PPP may have interacted with other economic relief measures.
• Q&A and Expert Insights: The recording likely included a question-and-answer session with experts to address specific concerns and provide further clarity.
• Potential Future Changes: Discussion of any anticipated changes or extensions to the PPP program.