In late December 2021, Congress passed the Consolidated Appropriations Act 2021, an omnibus spending bill that included, among other things, the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act (the 'Act'). The Act effectively extended and modified the Paycheck Protection Program, originally created under the CARES Act of April 2020, and the later Paycheck Protection Program of Flexibility Act of June 2020 (collectively, the 'PPP').
Among the modifications made to the PPP, the Act reauthorizes the Small Business Administration (the 'SBA') to make new first-draw PPP loans to new borrowers under an amended Section 7(a)(36) and second-draw PPP loans to returning PPP borrowers under the newly created Section 7(a)(37) through March 31, 2021.
In January of 2021, the SBA and Department of the Treasury issued Interim Final Rules relating to the Consolidated First Draw Loan Program and the Second Draw Loan Program.
This program provides practitioners with an overview of the revised rules relative to eligibility, maximum loan amounts, and loan forgiveness, together with general practical considerations to assist practitioners and applicants in determining whether the amended Paycheck Protection Program is the right program for them.
Among the modifications made to the PPP, the Act reauthorizes the Small Business Administration (the 'SBA') to make new first-draw PPP loans to new borrowers under an amended Section 7(a)(36) and second-draw PPP loans to returning PPP borrowers under the newly created Section 7(a)(37) through March 31, 2021.
In January of 2021, the SBA and Department of the Treasury issued Interim Final Rules relating to the Consolidated First Draw Loan Program and the Second Draw Loan Program.
This program provides practitioners with an overview of the revised rules relative to eligibility, maximum loan amounts, and loan forgiveness, together with general practical considerations to assist practitioners and applicants in determining whether the amended Paycheck Protection Program is the right program for them.
Course Content
3:00 - 3:10 pmOverview of Major Modifications
Michael J. Barone, Jr., Esq.,
Ruberto, Israel & Weiner, PC, Boston
Adam D. Bispham,
Cambridge Savings Bank, Waltham
Bethany A. Grazio, Esq.,
Ruberto, Israel & Weiner, PC, Boston
3:10 - 3:20 pm
Revised Requirements on Eligibility, Loan Amounts, and Forgiveness
Michael J. Barone, Jr., Esq.,
Ruberto, Israel & Weiner, PC, Boston
Adam D. Bispham,
Cambridge Savings Bank, Waltham
Bethany A. Grazio, Esq.,
Ruberto, Israel & Weiner, PC, Boston
3:20 - 3:25 pm
Applications: The New, Old and Revised
Michael J. Barone, Jr., Esq.,
Ruberto, Israel & Weiner, PC, Boston
Adam D. Bispham,
Cambridge Savings Bank, Waltham
Bethany A. Grazio, Esq.,
Ruberto, Israel & Weiner, PC, Boston
3:25 - 3:45 pm
Practical Considerations Before Applying
Michael J. Barone, Jr., Esq.,
Ruberto, Israel & Weiner, PC, Boston
Adam D. Bispham,
Cambridge Savings Bank, Waltham
Bethany A. Grazio, Esq.,
Ruberto, Israel & Weiner, PC, Boston
3:45 - 3:50 pm
Practical Considerations When Applying
Michael J. Barone, Jr., Esq.,
Ruberto, Israel & Weiner, PC, Boston
Adam D. Bispham,
Cambridge Savings Bank, Waltham
Bethany A. Grazio, Esq.,
Ruberto, Israel & Weiner, PC, Boston
3:50 - 4:00 pm
'Ask the Experts' Q&A Session and Key Takeaways
Michael J. Barone, Jr., Esq.,
Ruberto, Israel & Weiner, PC, Boston
Adam D. Bispham,
Cambridge Savings Bank, Waltham
Bethany A. Grazio, Esq.,
Ruberto, Israel & Weiner, PC, Boston
Please Note
This webcast is delivered completely online, underscoring their convenience and appeal.
There are no published print materials. All written materials are available electronically only.
They are posted 24 hours prior to the program and can be accessed, downloaded, or printed from your computer.
Speakers
FacultyMichael J. Barone, Jr., Esq.,
Ruberto, Israel & Weiner, PC, Boston
Adam D. Bispham,
Cambridge Savings Bank, Waltham
Bethany A. Grazio, Esq.,
Ruberto, Israel & Weiner, PC, Boston
