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Many carriers have received loans under the Paycheck Protection Program (PPP), and are now scrambling to understand the forgiveness provisions and various definitions outlined within the Act. Additional guidance from the Small Business Administration and the U.S. Department of the Treasury is being shared rapidly, but how do you make sense of it all?

Make plans to join TCA’s panel of industry experts as they discuss the PPP’s forgiveness provision and what steps to take now in order to maximize the impact of these loans.

Key areas to be addressed:

• Best practices to track the eight-week spending and the Full Time Equivalent (FTE) requirements from week to week;
• Operational strategies to ensure requirements for forgiveness are met;
• Tax implications of the forgiven loan;
• The government’s definition of FTE headcount;
• Reduced hour-worked strategy versus a layoff or furlough; and
• Clarification of guidance on the suggestion for having the “right amount” of FTE’s at the end of that eighth week.

Moderator:

Chris Henry – TCA Profitability Program (TPP) Program Manager

Speakers

Randy Hooper – Katz, Sapper and Miller Partner
Steve Pletcher – Scopelitis, Garvin, Light, Hanson & Feary Partner
Craig Veurink – US Bank Regional Business Banking Leader – Midwest/SVP