BMWL Webinar: PPP Loan Forgiveness – An Update 7/23/20

NOTICE – The information presented in this webinar has not been updated to reflect new legislation passed by Congress on December 21, 2020. That legislation could significantly affect the content of the information presented. We plan to update our resources during January 2021 to reflect the impact of the new legislation.

In this BMWL Webinar, Mike Batts walks us through the key elements of the forgiveness application process for Paycheck Protection Program Loans for nonprofit organizations.

Content includes an overview of the Paycheck Protection Program (PPP) Loan Forgiveness process along with a summary of the core elements of the forgiveness process, including:

  • Application Forms
  • Application Review
  • Public Disclosure
  • The Covered Period
  • Forgivable Costs
  • Reduction of Forgiveness Amount
  • Ordering of Forgiveness Reductions
  • Timing of Forgiveness Application
  • Timing for Determinations on Forgiveness Applications
  • Documentation and Records
  • Planning for Maximum Loan Forgiveness
  • And more!