The PPP Flexibility Act: New Forgiveness Guidelines & What This Means for You
The PPP Flexibility Act was signed into law on June 5th adding additional flexibility to the PPP. Join Jessica Newhall, Lead Advisor at the Clatsop SBDC as she reviews the new and revised guidelines. In this session, we walk through:
- The revised Borrower Application
- The implications of the 8-week extension (now 24 weeks with an extended the rehiring deadline) and well as the program extension (now available through December 31)
- The changes to the percentage of forgivable funds (now 40% of the total loan amount) that can be used for nonpayroll expenses such as rent, utilities, mortgage interest, etc.
- The revised loan terms (now 5 years) and who may qualify
Recorded on June 23rd
The Clatsop SBDC is committed to offering COVID-19-related webcasts to our small business community at no cost. This is made possible by the generous support of Wauna Credit Union.
Speaker(s): Jessica Newhall, Clatsop SBDC Lead Advisor Jessica Newhall has over twenty years of business experience that, when combined with her B.S. in Business Administration from the University of Colorado, makes her uniquely suited to supporting the variety of challenges that a small business owner encounters every day. Her coaching approach to helping entrepreneurs successfully navigate the complexity of business ownership is drawn from experience in overseeing the strategic, financial and day-to-day business operations of her own small business, and she is dedicated to helping clients overcome barriers and devise solutions for long-term success.
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Fee: No Cost