FTLF attorneys Michael Glomb and Scott Sheffler will host the National Grant Management Association’s (NGMA) July grants webinar, The SBA’s Paycheck Protection Program: Challenges and Opportunities.
The Small Business Administration’s (SBA) Paycheck Protection Program (PPP) has proven very popular, but also very complex. From size standards for loan eligibility and an “economic need” certification that has proven difficult to apply, to complex parameters and formulas applicable to proper spending of PPP loan proceeds, questions abound.
The SBA has answered many, but not all, of the key questions faced by borrowers. Complicating matters, on June 5, Congress amended the PPP statute to provide more flexibility and federal grant recipients face yet an additional layer of complexity in deconflicting their use of grant funds from their use of PPP loan funds.
This upcoming webinar will provide a clear explanation of the PPP, with a particular focus on spending PPP funds in a manner that (i) will maximize potential loan forgiveness and (ii) avoid so-called “double-dipping” with respect to federal grant funds.
The webinar will take place on Wednesday, July 29, 2020, at 1:00 pm ET, and you can register on NGMA’s website here.