Second Round PPP Loans and The New COVID-19 Relief Bill

J. Kirk McGill
J. Kirk McGill | Godfrey | Johnson, P.C.

Mr. McGill specializes in complex issues of constitutional law, including administrative law. Before becoming a lawyer, Kirk McGill had almost a decade of experience in complex business, tax, and government contracting disputes ranging from small-business operations to major defense contractors.

On-Demand: January 7, 2021

Second Round PPP Loans and The New COVID-19 Relief Bill
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Program Summary

Attorneys will learn about the changes to the Paycheck Protection Program contained in the 2020-2021 omnibus spending bill and integrated stimulus bills. In particular, we will cover the changes that affect both new and existing loans such as changes in what constitutes a covered expenses and revised procedures for loan forgiveness, as well as the eligibility requirements for the second-draw loans. We will also review the SBA regulations under the new act—presuming that the SBA releases those regulations within the new period.

This course is co-sponsored with myLawCLE.

Key topics to be discussed:

  • Changes to PPP forgiveness procedures, particularly the procedures for loans less than $150,000.
  • Expansion of eligible expenses for use of loan proceeds and for forgiveness.
  • Changes in length of covered period for expenditure of PPP funds.
  • Second round PPP loan eligibility and procedures.

Date / Time: January 7, 2021

  • 3:00 pm – 4:00 pm Eastern
  • 2:00 pm – 3:00 pm Central
  • 1:00 pm – 2:00 pm Mountain
  • 12:00 pm – 1:00 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 5 business days after the original recording date and are view-able for up to one year.
Closed-captioning available upon request

Speakers

J. Kirk McGill, Godfrey_Johnson P.C_myLawCLEJ.Kirk McGill | Godfrey | Johnson, P.C.

Mr. McGill specializes in complex issues of constitutional law, including administrative law. Before becoming a lawyer, Kirk McGill had almost a decade of experience in complex business, tax, and government contracting disputes ranging from small-business operations to major defense contractors. His service as an agent for the State of Colorado and later the United States Department of Defense prior to attending law school gives him unique insight into disputes involving a state or the Federal Government, and his extensive educational background in business, finance, accounting, and economics allows him to ‘speak the same language’ as sophisticated business clients. Though a new attorney, Mr. McGill practically grew up in his father Ben K. McGill’s law practice in Tulsa, Oklahoma (and later in Durango, Colorado). Under the tutelage of his father—a universally respected litigator—Mr. McGill began exploring the law from the moment he learned how to read as a child. His wide-ranging expertise in a broad swath of legal and professional areas, his insatiable drive to assimilate knowledge, and his tireless work-ethic allows him to step into virtually any case or controversy and contribute materially the moment he walks in the door. The Firm looks forward to leveraging his already formidable skill set with his ever-increasing legal knowledge, skills, and experience on behalf of our clients.

Agenda

I. Changes to PPP forgiveness procedures, particularly the procedures for loans less than $150,000 | 3:00-3:15
II. Expansion of eligible expenses for use of loan proceeds and for forgiveness | 3:15-3:30
III. Changes in length of covered period for expenditure of PPP funds | 3:30-3:45
IV. Second round PPP loan eligibility and procedures | 3:45-4:00