Paycheck Protection Loan Details And Updates FLEXCAST

Overview

This course summarizes the application process for the new SBA Paycheck Protection Program (PPP) Loan. Eligibility, required documentation, calculations for the loan amount, and examples for the self employed individual and the S corporation owner/employee are included in the manual and in the discussion. The course also discusses the forgiveness provisions. A guest speaker who is a small company controller tells her experiences with the application process through her local bank. A client letter is included for your use in communicating with your business clients. Resources are linked in the manual so that you can stay updated as money is exhausted on the first $359 billion of funding and Congress agrees to Secretary Mnuchin’s request for additional funding.

Highlights

PPP Loans. PPP loan resources. Other SBA loans. Client letters.

Prerequisites

None.

Designed For

CPAs, CFOs, controllers, leaders and managers.

Objectives

Learn who is eligible for the SBA Paycheck Protection Program (PPP) Loan. Define ‘payroll costs“ that are required for the application. Calculate loan amounts for various businesses including the Schedule C individual and the. owner/employee of an S corporation. Develop recommendation for client’s to maximize loan forgiveness. Hear a Controller’s experience in applying for the PPP Loan.

Preparation

None.

Notice

This is a FlexCast (no exam required) and may be viewed only Monday - Saturday, 5am - 5pm PT. You may take up to one year from the date of purchase to complete the course. Pause your FlexCast and resume at a convenient day during the hours above. Partial credit for 2+ credit courses: If you are unable to complete the course in one sitting, partial credit can be awarded (minimum of one credit). To earn the remaining credits, you must return later and start the course from the beginning. Use chat to ask questions of a subject matter expert during the program.