NPQ Webinar: Responding to COVID-19 – Seeking Forgiveness for a Paycheck Protection Program

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This webinar is for nonprofit financial leaders who have received a Paycheck Protection Program (PPP) loan and want to prepare effectively to seek loan forgiveness.

In early June, Congress approved the PPP Flexibility Bill, which authorized key changes including extending the PPP and the rehiring deadline to December 31, 2020 and expanding the covered period for loan use from eight weeks to twenty-four weeks. Now, we can start to interpret and apply implementation guidance from the Small Business Administration (SBA).

In this session, Gina McDonald, CPA of FMA will share detailed guidance for nonprofit leaders, including:

• A refresher on how organizations can and cannot spend PPP funds
• Guidance on estimating “FTE’s”
• Navigating the forgiveness process and applications
• Other decisions related to PPP that organizations will need to make