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july, 2020

15jul10:00 am12:00 pmEvent OverPPP Forgiveness Application (Virtual Workshop)What You Need to Know to be Prepared!Region:All Virginia Regions,Hampton Roads - Eastern ShoreEvent Type:Business Development and Outreach Services

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Event Details

Presented by

Carin Schneller-Carr, VP, Commercial Banking – BB&T now Truist

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 us and BB&T to discuss 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)

Legislative Changes:

  • 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

Q&A

NOTE: This workshop will be presented via Google Meets…. All registered participants will be emailed the link to join prior to the event. Registration will close Tuesday, July 14 at noon to ensure all participants receive link to join in time to test connection/download app if applicable.

FOR QUESTIONS SPECIFICALLY REGARDING THE PPP LOAN AND REQUIREMENTS VISIT … sba.gov

Please email any questions to angela.barber@sbsd.virginia.gov

HOSTED BY

VIRGINIA DEPARTMENT OF SMALL BUSINESS AND SUPPLIER DIVERSITY

PLEASE NOTE:

The PPP is a FEDERAL grant program with funding coming from the FEDERAL government to lenders to serve small businesses.  This is NOT a Virginia government program, however, the Virginia Department of Small Businesses and Supplier Diversity is bringing you this webinar for informational purposes only.  If you have questions about your PPP, please contact your lender.

For additional information on PPP, please click:  https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/paycheck-protection-program

Time

(Wednesday) 10:00 am - 12:00 pm Eastern

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Address:
101 N. 14th Street, 11th Floor Richmond, VA 23219
Phone:
1(804) 786-6585
Email:
sbsd@sbsd.virginia.gov
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