Guide to Applying for Payroll Protection Program Loans

$95.00

CLE credits earned: 1 GENERAL (or 1 LAW & LEGAL for WA state)

A deep dive into the business aspects of the 2020 CARES Act, with specific reference to the new Paycheck Protection loan program and the Loan Forgiveness section of the Act.

This course is co-sponsored with myLawCLE.

Key topics to be discussed:

•   How do you apply for a Paycheck Protection Program (PPP) loan?
•   What payroll costs can be included in the Program?
•   How do you apply for loan forgiveness?
•   How do Payroll Protection Program loans work with Economic Injury Disaster Loans, and can you have both?

Date / Time: April 16, 2020

•   2:00 pm – 3:00 pm Eastern
•   1:00 pm – 2:00 pm Central
•   12:00 pm – 1:00 pm Mountain
•   11:00 am – 12:00 pm Pacific

Choose a format:

•   Live Video Broadcast/Re-Broadcast: Watch Program “live” in real-time, must sign-in and watch program on date and time set above. May ask questions during presentation via chat box. Qualifies for “live” CLE credit.
•   On-Demand Video: Access CLE 24/7 via on-demand library and watch program anytime. Qualifies for self-study CLE credit. On-demand versions are made available 24 hours after the original recording date and are view-able for up to one year.

Select your state to see if this class is approved for CLE credit.

Choose the format you want.

Clear

Original Broadcast Date: April 10, 2020

Mike O’Donnell holds a Bachelor of Commerce degree from the University of Melbourne and an MBA from the Australian Graduate School of Management at the University of New South Wales in Sydney Australia.

He began his career in the United States in 1990 as the executive director of the University of Kansas Small Business Development Center and adjunct faculty in the business school there before taking the helm of the certified development company located in Lawrence, Kansas, in 1997.

In 2000, the opportunity arose to relocate to Colorado and join the nonprofit, mission-based educational lender, Colorado Lending Source, and begin expanding outreach and capital access to new and existing small business owners across the length and breadth of Colorado.

Colorado Lending Source now offers four different types of loans, from $5,000 up to $5.5 million, and additionally provides back-office small business lending assistance to 54 community banks as a Lender Service Provider for Small Business Administration guaranteed loans.

During 2019, Colorado Lending Source facilitated 225 loans to small business owners who created some 1,405 new jobs and had a $330.3 million impact on the Colorado / US economy.

Also, in 2019, Mike received a Lifetime Achievement Award from the Council of Development Finance Agencies for his outstanding contribution to the development finance industry through his career.

Accreditation Policy
myLawCLE seeks accreditation for all programs in all states. (Accreditation for paralegals sought thru NALA and NFPA paralegal associations.) Each attending attorney/paralegal will receive a certificate of completion following the close of the CLE program as proof of attendance. In required states, myLawCLE records attorney/paralegals attendance, in all other states attorney/paralegal is provided with the approved CLE certificate to submit to their state bar or governing association.

    Automatic MCLE Approvals

All myLawCLE CLE programs are accredited automatically either directly or via reciprocity in the following states: AK, AR, CA, CT, FL, HI, ME, MO, MT, ND, NH, NM, NJ, NY, and VT. (AZ does not approve CLE programs, but accepts our certificates for CLE credit.)

    Live Video Broadcasts

Live video broadcasts are new live CLE programs being streamed and recorded for the first time. All of these programs qualify for “Live” CLE credit in all states except NV, OH, MS, IN, UT, PA, GA, and LA —these states require in-person attendance to qualify for “Live” CLE credit.

    “Live” Re-Broadcasts

“Live” Re-broadcasts are replays of previous recorded CLE programs, set on a specific date and time and where the original presenting speakers calls in live at the end of the event to answer questions. This “live” element allows for “live” Re-broadcast CLEs to qualify for “Live” CLE credits in most states. [The following states DO NOT allow for “live” CLE credits on re-broadcast CLEs: NV, OH, MS, IN, UT, PA, GA, and LA]

Reciprocity
Many states allow for credit to be granted on a 1:1 reciprocal basis for courses approved in another mandatory CLE jurisdiction state. This is known as a reciprocity provision and includes the following states: AK, AR, HI, CT, FL, ME, MO, MT, ND, NH, NM, VT, NJ, and NY. myLawCLE does not seek direct accreditation of live webinars or teleconferences in these states.

Section I. Section 1102 of the CARES Act – the Paycheck Protection Program

Section II. Section 1106 of the CARES Act – the Loan Forgiveness Program

Section III. Section 1110 of the CARES Act – the emergency EIDL grant

Section IV. And how the SBA has modified the CARES Act through a “final” interim final rule