What Is Life After Coronavirus? Navigating Your Banking Relationships & PPP Loan Forgiveness
SBA & CARES Act Task Form Clears Up Questions About Banking Relationships & Loan Forgiveness
The past several weeks have been critical for business owners everywhere and their relationships with key trusted advisors have been put to the test as the COVID-19 (coronavirus) crisis rages on. We've had a lot of feedback with regard to the good, the bad, and the ugly of applying for the Disaster Recovery and Paycheck Protection Program loans. However, during this presentation, we will let you know what we are seeing, we will outline the application process, and will answer some common questions we are receiving at this time. Additionally, during this informative, interactive presentation, you will learn:
- How to identify and assess your banking relationships.
- How to determine risk parameters in your banking relationships.
- How banks have worked to help with the disaster recovery loan application process, common pitfalls they are seeing and how they are working to streamline the process.
- More about the forgiveness provision in the Paycheck Protection Program (PPP), our interpretation of the calculation and what you should be focusing on today.
- And so much more ...
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This webinar was recorded on Monday, April 13, 2020, and was accurate at the time it was initially broadcast. Since then, changes may have occurred. For the most up-to-date information, please contact your Rea & Associates advisor. We conducted the webcast on Wednesday, April 15, 2020.