The federal Paycheck Protection Program (PPP) has provided more than $517 billion in COVID-19 relief loans to nearly 5 million employers across the United States. Nearly 170,000 loans have gone to companies in the finance and insurance sector, while many more have gone to small businesses served by NAIFA members and other financial professionals. As of July 7, more than $130 billion remained in PPP funding, according to the Small Business Administration.
Since the CARES Act created the PPP in late March, subsequent legislation and executive branch actions have increased funding for the program, set requirements and procedures for loan forgiveness, clarified loan usage rules, extended the application period for loans, and provided additional guidance for businesses and their advisors.
On Tuesday, July 21, at 4 PM (EDT) NAIFA will present a members-only webinar: “Paycheck Protection Program Updates and COVID-19 Amendments to the Family Medical Leave Act - What You Need to Know.”
A panel of informed experts will guide financial professionals through updates and changes to the program and answer pressing questions. The panel consists of:
- Julie Kammer, J.D., of Staines, Eppling & Kenney, LLC.
- Robert Keebler, CPA/PFS, MST, AEP, CGMA, a partner at Keebler & Associates, LLP.
- Keith Gillies, CFP, CLU, ChFC, managing principal at Wealth Solutions, LLC.
- Diane Boyle, NAIFA’s senior vice president of government relations.
Previous presentations and Q&A sessions on the PPP were the most highly attended of NAIFA’s COVID-19 virtual Town Halls. This webinar will update those and provide an even deeper dive into the program.
Note that this webinar is for NAIFA members only. If you are a member, please register in advance. If you are not yet a member, join NAIFA today for access to this webinar and to enjoy the full benefits of membership.
