Prepare for PPP Loan Forgiveness Webinar | Libertyville Area Moms

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Prepare for PPP Loan Forgiveness Webinar

06/09/2020 @ 11:00 am - 12:00 pm

Small businesses across the country have received loans from the SBA Paycheck Protection Program (PPP). These loans have been tremendously popular, provided much-needed capital to businesses affected by COVID-19, and have an unprecedented loan forgiveness provision written in the loan.

The Senate passed some game-changing legislation already passed by the House related to PPP forgiveness that is expected to be signed by the President yet this week. There’s never been a more critical time to review the SBA’s Loan Forgiveness Application and associated rules to make sure that your business is taking the proper steps to have its loan forgiven.

Join us as we host Wipfli, LLP tax partner Terry Hoover and CIBC’s Managing Director, Bert Carstens, to discuss important questions including:

· How does the new Paycheck Protection Flexibility Act affect borrowers?
· What costs are eligible for loan forgiveness?
· What are the potential reductions to loan forgiveness?
· What documentation is needed to complete the Loan Forgiveness Application?
· What are the federal income tax implications of the loan forgiveness?
· What are a bank’s responsibilities in this process?

Join us online using the Zoom link, or call in with the following details:

Meeting ID: 852 0064 5420
Password: 466681
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Meeting ID: 852 0064 5420
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11:00 am - 12:00 pm
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