Next Steps for the Paycheck Protection Program

Whether pursuing loans for their own firms or advising clients on the future of their business in the era of COVID-19, attorneys need to stay abreast of the latest changes with the Paycheck Protection Program (PPP). The PPP business loans included provisions for loan forgiveness under certain circumstances. However, business owners that fail to meet these conditions will miss out on the offer of loan forgiveness.

As the calendar advances toward 2021, the window to meet these conditions is closing. Attorneys that advise businesses both large and small on financial matters should understand the steps to ensure loan forgiveness; legal professionals should remain informed on potential updates to the stimulus program. 

In the September 21, 2020 webinar, Paycheck Protection Program: What’s Next for Employers, speaker Michael J. Gorby of Gorby Peters & Associates, LLC provided an in-depth update on potential changes to the CARES Act as well as the status of Economic Injury Disaster Loans (EID). Additionally, the webinar covers useful tips on assisting clients with forgiveness of the original round of PPP loans.

Staying up to date on legislative updates is vital for most areas of law. From live webinars to an in-depth video library of recorded courses, the NBI Course Catalog offers attorneys a wide range of resources for staying on top of important legislative changes.

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This blog post is for general informative purposes only and should not be construed as legal advice or a solicitation to provide legal services. You should consult with an attorney before you rely on this information. While we attempted to ensure accuracy, completeness and timeliness, we assume no responsibility for this post’s accuracy, completeness or timeliness.