Description
The second round of the Paycheck Protection Program, among other things, creates a second loan from the PPP called a PPP Second Draw Loan for smaller and harder-hit businesses. Join us for this 60-minute video to be able to better advise businesses in need of first-time or additional relief evaluate the revised Paycheck Protection Program rules and assess their eligibility to apply for PPP funding and loan forgiveness.
This presentation will examine:
• Eligibility for first-time and second draw PPP loans
• Expanded the types of expenses for which all PPP loans can be used
• Loan limitations and exclusions
• Ability to choose the length of covered period
• Options to calculate the maximum loan amount
• Tax treatment of PPP loans
• Simplification of forgiveness application for loans under $150,000
• Loan eligibility for borrowers in bankruptcy
If you are licensed in New York, this content is appropriate for both newly admitted and experienced New York attorneys. Although, this content is appropriate for all New York attorneys, newly admitted attorneys cannot earn CLE credit for the completion of the course when presented via on-demand.