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Paycheck Protection Program Webinar Recording and Additional Resources Now Available

Paycheck Protection Program Loan | iPhoto

ASLA's webinar session on the federal government’s Paycheck Protection Program (PPP) is now available as a recording. 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 watch this timely webinar to expedite your application process!

Please log in with your ASLA username and password to access the recording and additional resources (the slides from the presentation, additional speaker comments, and audience Q&A), which can be downloaded from under "Files," below the webinar player.

Watch Recording

Download Presentation Slides and Q&A

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.

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

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