On June 5, 2020, the Paycheck Protection Program Flexibility Act of 2020 (PPP Flexibility Act) was signed into law. It makes several significant modifications to the Paycheck Protection Program (PPP) established by the Coronavirus Aid, Relief, and Economic Security (CARES) Act. These modifications are of importance to dealers who have applied for and received PPP loans and who intend to apply to have their loan proceeds forgiven.
NADA’s Andy Koblenz and Doug Greenhaus will review the PPP Flexibility Act and make reference to key rules and guidance from the SBA and Treasury with a special focus on loan forgiveness application materials. Time will be allotted to address questions from webinar participants. This webinar is designed for dealers, dealership managers, controllers, CPAs, and lawyers.