Changes to the Paycheck Protection Program (PPP), Loans and Forgiveness Demystified
Recorded On: 02/10/2021
The 2021 Consolidated Appropriations Act (CAA), successor to the CARES Act, has reauthorized lending under the PPP. With the March 31 deadline for applying for a PPP loan rapidly approaching — it could come even sooner if funds are quick to be exhausted — it’s more important than ever to determine if your business qualifies for a second-draw PPP loan and to learn about the new requirements, changes to existing loans and changes in the program. This webinar will take the guesswork out of loan forgiveness and offer concrete explanations that will help explain the changes in the process.
- Determine if your organization qualifies for a first- or second-draw loan under the PPP.
- Identify what’s new in the PPP.
- Discover changes to the PPP.
- Describe total loan forgiveness and what additional expenses can be included.
- Identify necessary planning to prepare in advance of applying for your PPP loan.
Kimberly A. Pendo, J.D.
Chicago Law Partners, LLC
Kimberly A. Pendo, JD, is ALA’s General Counsel. She is a Founding Member of Chicago Law Partners, LLC, where she practices not-for-profit and corporate law and serves as the firm’s Chief Operating Officer. She has an extensive business and corporate background, including broad experience in legal matters related to the banking, venture capital, pharmaceutical, biotechnology, scientific research, manufacturing and distribution, retail, and computer software industries. She has assisted numerous clients with raising venture capital, private placements of securities, complex mergers and acquisitions, joint ventures, securities registration and compliance, and other commercial transactions.
Educational Category: Financial Management (FM)
CLM App Management Category: Financial Management
CLM Recertification Eligible: Yes