How the New PPP Rules and Regulations Impact ABA Provider Organizations
Original Webinar Date: June 4, 2020
CEU offered: 1.0 Learning CEU
Short Title: Impact of New PPP Rules/Regs on ABA Provider Organizations
Webinar Duration: 1 hr
- Steven S. Poindexter, Esq.
- William M. Bolster, Esq.
- Yvonne Bruinsma, Ph.D.
The Small Business Act Paycheck Protection Program authorizes up to $349 billion for low-interest loans of up to $10,000,000 to borrowers to fund eligible payroll costs, interest on mortgage payments (which includes mortgages on real property and personal property), rental payments, utilities payments, and for other permitted purposes. The loans made under the Paycheck Protection Program would be eligible for forgiveness for certain payroll and other operating costs, as long as the borrowers maintain their payrolls to fund payroll costs and certain other expenses. (Lewis Rice)
Do you still have questions about eligible expenditures? Do you know how to apply for loan forgiveness? Are bonuses eligible expenses? How about hazard pay for RBTs or BCBAs working face-to-face with clients? What happens if you are denied loan forgiveness? Spend an hour with Steven Poindexter, a corporate attorney with Lewis Rice in St. Louis, Missouri whose practice focuses primarily on commercial lending and commercial transactions.
Other topics addressed in this webinar include:
- Key changes to PPP by the PPP Flexibility Act of 2020 (enactment pending as of 6/4/2020)
- New FTE Reductions under the PPP Flexibility Act
- Eligible Payroll Costs
- Eligible Non-payroll costs
- Salary/Hourly Wage reduction
- ...and many more questions posed by attendees!