COVID-19 and Nonprofits: Forgiveness Rules for the Paycheck Protection Program
Many nonprofits have received PPP loans. The next step is understanding the rules and keeping the right records to ensure that you maximize forgiveness by using the money for approved purposes in the eight weeks immediately following receiving the loan. The presentation will cover guidance that is available from SBA at this point. Jeff Liang will explain the rules and Stacey Krynsky will be available to offer a banker’s perspective during the Q&A. There will be an opportunity for participants to ask questions and offer comments.