Apr 13 Webinar: Preparing for Recovery: Understanding and Managing Forgivable and Unforgivable Loans
The COVID-19 pandemic has significantly impacted the fiscal conditions of our businesses, but now is the time to prepare and plan for recovery through the vehicles of relief that have been made available to us.
On April 9, the Federal Reserve committed an additional $2.3 trillion in funds to further stabilize our uncertain economic environment and includes the Main Street New Loan Facility and the Main Street Expanded Loan Facility which provides $600 billion in funds to businesses with up to 10,000 employees or up to $2.5 billion in 2019 annual revenues. Before that, the CARES Act delivered $2 trillion in economic stimulus to provide relief for small businesses which included the Paycheck Protection Program (PPP) and the Economic Injury Disaster Loans (EIDL).
Join us on Thursday, April 16 at 10:00 AM as we discuss the new Main Street Loans and address the questions that have come up with how to manage the forgiveness piece of the applicable loans.
Topics will include:
- Overview and details on the new Main Street Lending Program
- Update on the Paycheck Protection Program and Economic Injury Disaster Loans
- Clarity on the forgiveness piece of the PPP Loan