Paycheck Protection Program Loan Forgiveness

Paycheck Protection Program Loan Forgiveness and Updates

  • Presenter: Jeff Liang, Ling and Liang PLLC
  • Length: 1 hour and 30 minutes
  • Date: January 21, 2021

Did your nonprofit organization receive a PPP loan in 2020? Have you applied for forgiveness through your lender? If not, join us to get your questions answered and be sure you understand what expenses qualify and what records you need to gather to ensure that you receive the forgiveness that will turn your loan into a grant.

Presentation Overview:

  • Overview of existing rules
  • Changes to PPP forgiveness procedures, particularly the procedures for loans less than $150,000.
  • Expansion of eligible expenses for use of loan proceeds and for forgiveness.
  • Changes in length of covered period for expenditure of PPP funds.
  • Second round PPP loan eligibility and procedures.

Resources:

PPP Loan Forgiveness and Updates from Washington Nonprofits on Vimeo.