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Changes to the Paycheck Protection Program: What You Need to Know Before the May 31 Deadline

Loan Forgiveness Stock Photo | iStock

Join us for a webinar session on the federal government’s Paycheck Protection Program (PPP). The PPP loan is a low-interest loan that can be turned into a grant and is accessible to all qualified small businesses. This session will cover business qualifications and required documents when preparing to file the application. The current deadline for PPP loan applications is May 31, 2021, so be sure to participate in this timely webinar to expedite your application process!

The PPP has been the centerpiece relief program for small businesses during the coronavirus pandemic. Originally created by the CARES Act in 2020, this Small Business Administration program has provided nearly $690 billion in loans to 7.6 million small businesses across the nation. In a COVID-19 Business Impact Snapshot released by ASLA in May 2020, nearly 60 percent of survey respondents said they applied for financial relief via the CARES Act, with over 90 percent being successful in obtaining funds.

On March 11, 2021, the American Rescue Plan Act was enacted, providing an additional $7.25 billion in funding for the PPP, expanding eligibility for first and second draw PPP loans, and revising the exclusions from payroll costs for purposes of loan forgiveness. 

Join us to learn more about assessing your company’s eligibility and required documentation related to both eligibility and use of PPP loan funds.

Below are a list of documents we recommend having on hand for the webinar:

  • 2019 and 2020 tax filings
  • Summary report for 2020 payroll 

Please submit questions you may have about PPP loan eligibility and the application process in advance of the webinar

Monday, April 12, 2021

2:30 p.m. ET / 11:30 a.m. PT

Speaker:

Chris Chan, Founder & CEO of 3C Strategies LLC

Mr. Chan is Founder and CEO of 3C Strategies, LLC, a consulting and event planning firm based in Washington, DC. His experience includes three years at the U.S. Small Business Administration, serving as Special Advisor for Public Engagement and Special Assistant to SBA Administrator Karen Mills. In these roles, his focus areas included outreach and engagement with trade associations and small businesses, managing events and speaker engagement strategy for the agency, as well as special assignments from the Administrator. 

REGISTER HERE

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