NEWS & EVENTS

Virtual Panel Discussion: You have a PPP Loan, now what?

May 18, 2020

Virtual PANEL DISCUSSION: You have a your PPP Loan so what now? Join us to find out what you need to know.

DETAILS

Tuesday May 19th at 9:00 am
Panel of Experts:
- Tonald Scanlon, McCall Scanlon & Tice, LLC
- Robert W. Sodini, Sodini & Company, Inc.
- Ron Welker, First Commonwealth Bank
- Dan Sullivan, NexTier Bank
We will be covering:
- Loan forgiveness
  - Breach, default or misprepresentration
  - Reduction in FTEE’s
  - Employee wage cuts
- Permissible proceeds uses vs. forgivable uses
  - Forgivable use
  - Allowable use, yet unforgivable
  - Additional interpretative insight
- Preparedness for the loan forgiveness request process
- Key considerations and best practices when using and managing PPP loan proceeds
  - Track FTEE’s
  - Calculate salary reductions
  - Record and monitor use of loan proceeds
  - Consider other ways to maximize forgiveness