Presented by 
Scott S. Sheffler, Michael B. Glomb, and Joseph P. Loman of Feldesman Tucker Leifer Fidell LLP (“FTLF”)

The Small Business Association’s (“SBA”) Paycheck Protection Program (“PPP”) has proven very popular, but also very complex.  From size standards for loan eligibility, to an “economic need” certification that has proven difficult to apply, to complex parameters and formulas applicable to proper spending of PPP loan proceeds, questions have abounded.  The SBA has answered many of the questions faced by borrowers, but others remain.  Complicating matters, on June 5, Congress amended the PPP statute to provide more flexibility; and federal grant recipients face yet an additional layer of complexity in deconflicting their use of grant funds from their use of PPP loan funds.
 
Join attorneys Scott S. Sheffler, Michael B. Glomb, and Joseph P. Loman of Feldesman Tucker Leifer Fidell LLP (“FTLF”), for a clear explanation of the PPP, with a particular focus on spending PPP funds in a manner that (i) will maximize potential loan forgiveness and (ii) avoid so called “double dipping” with respect to federal grant funds.

Learning Objectives:

• Understand the purpose and basic parameters of the PPP.
• Understand permissible uses of PPP loan funds and what uses are eligible
  for loan forgiveness.
• Evaluate strategies for deconflicting federal funding streams from PPP loan proceeds.