PPP Loan Follow-Up and Forgiveness
In Colorado alone, the U.S. Small Business Administration (SBA) approved 41,635 Paycheck Protection Program (PPP) loans worth more than $7.39 billion in the first round of funding and another 46,157 PPP loans worth more than $3 billion in the second round. Now what? Nonprofit organizations and small businesses who received PPP loans need to start preparing to report on how that money was spent and apply for loan forgiveness. Panelists will share the latest guidance from the SBA to help borrowers ensure maximum loan forgiveness and prepare for that paperwork and process.
- Deborah L. Bayles, Partner, Stinson LLP
- Justin Simpson, SVP, Sr. Community Banking Division Leader, Vectra Bank Colorado
Moderator: Dominic Dezzutti, Station Manager, PBS12