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4.1.20 | |

Webcast: Walking Through the Application Process for CARES Act and PPP Loans

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An abundance of information has been published about the loans available under the CARES Act and Paycheck Protection Program (PPP), but questions still remain. In this 30-minute session, we’ll dive into the details. We’ll take you through the process for deciding the best course of action, including qualifications for the various programs. Then, we will walk you through the application process itself.

Learning Objectives

  • How to decide whether your organization qualifies and for which opportunities.
  • What specific information you will need in order to apply.
  • An overview of how to complete the application process.

Thursday, April 2
2:00 p.m. – 2:30 p.m. EDT
Instructors:
Rob Faulk, Partner and Church and Denomination Services Director
Stan Reiff, Partner and Professional Practice Leader – Consulting
Ken Tan, Principal

This webcast has already occurred.

Watch the recording >

 

Handouts:

Webcast Handout

Comparison Chart: Economic Injury Disaster Loan Versus Paycheck Protection Program

Paycheck Protection Program Nonprofit Decision Tree

 

4 Comments

  • Julie says:
    April 2, 2020 at 2:48 pm

    If we have someone who makes more than $100K. We can include up to the $100K in the calculation for the loan, correct? We wouldn’t leave that salary amount all together would we?

    Reply
    • Amy Bucklin says:
      April 2, 2020 at 5:14 pm

      Hi Julie, thank you for your question. We are compiling answers to common questions that arose during the webcast… stay tuned.

      Reply
  • Patricia says:
    April 2, 2020 at 6:37 pm

    How is Number of Jobs determined on the Paycheck Protection Program Application calculated? Is it an average over a period of time or a point in time? How are seasonal or temporary workers considered in the calculation?

    Reply
    • Ted Batson Ted Batson says:
      April 6, 2020 at 1:01 pm

      Patricia,

      The number of jobs is the number that will be used to determine if you meet the 500 employee eligibility threshold. Our understanding is that the number of jobs is your headcount on the date of the application. You must include full-time, part-time, seasonal, and any other employee (but not independent contractors) in the count. You do not use an average over a period of time nor do an adjustment to arrive at full-time equivalents.

      Reply

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