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SBA PPP Forgiveness Webinar

On Wednesday, October 21, 2020, join North Carolina District Director Thomas A. Stith III and members of the North Carolina District Office for Let’s Talk Business: Paycheck Protection Program (PPP) Forgiveness.
The webinar will focus on PPP forgiveness with topics to include:

  • Downloading the PPP Loan application
  • What documents to have ready
  • Sole proprietor, partnerships, LLC’s, and C&S Corp options
  • Identify which PPP Loan forgiveness application is right for you
  • How to fill out the application
  • Safe Harbors for those businesses affected by local and state mandates
  • Choosing the 8 vs. 24-week covered period and which is best for you
  • An overview of the 3506 Long Form
  • How to use the Schedule A worksheet
  • Examples of FTE & salary/wage reductions
  • Employee and owner compensation replacement limits
  • Guidance when there is a PPP Loan involved during a change of ownership
In addition, the event will feature a question and answer session headed by the North Carolina District Office, a local business counselor from the Small Business Technology Development Center, and a local business counselor from the Small Business Center Network.

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