With the moving target that is the details on the SBA’s Payroll Protection Program, it should come as little surprise clients that were able to get it now wonder if they have to pay it back, or how much. Join ODU Institute for Innovation & Entrepreneurship and BB&T on September 9, 2020 from 10:00 AM to 12:00 PM to for a virtual discussion of what you need to know to be prepared when completing the PPP Loan Forgiveness Application.
How do I fill out PPP forgiveness application/Process?
How do I make sure my PPP loan is forgiven?
When do I pay it back?
Application Review Process and Timeline (Financial Institution and SBA)
- Giving borrowers 24 weeks to spend the funds instead of eight
- Giving borrowers more time to rehire employees without losing forgiveness eligibility
- Extending the period of time during which borrowers can apply for forgiveness
- Documents required (Payroll, FTE and Non-payroll. This documentation will need to be submitted with the PPP Loan Forgiveness Application)
FAQ’s and more!
This workshop will be presented via Google Meet. All registered participants will be emailed the link to join prior to the event. Registration will close Tuesday, September 8, at noon to ensure all participants receive link to join in time to test connection/download app if applicable.