This live session was recorded on August 26, 2020.
If your company applied for and received the PPP loan in 2020, getting that loan forgiven is undoubtedly a high priority. PPP loan forgiveness can be a high stakes endeavor as it determines whether or not you need to repay it. On August 10, 2020 the Small Business Association (SBA) will start accepting PPP Loan Forgiveness Applications through your bank. The SBA has made the forgiveness application process tricky and full of pitfalls that can make much of the PPP loan unforgiveable if applicants are not careful.
Join Jeff Plakans, President of Commonwealth Payroll & HR and Stephanie Franklin, Commonwealth’s PPP Compliance Expert as they share the latest on the loan application process. In addition to reviewing the PPP Loan Forgiveness Application, this session will include:
- Vocabulary and definition of terms used in the loan application
- Tools used to complete the application
- Best practices to avoid loan forgiveness reduction
- Commonwealth’s programs to assist with loan forgiveness