Watch Now: AAFCPAs’ Guidance on SBA Loan Forgiveness Application

Posted on May 18, 2020September 13, 2022

On Friday, May 15, 2020, the Small Business Administration (SBA) released its long-awaited Paycheck Protection Program (PPP) Loan Forgiveness Application & Instructions.

When the PPP loan program was announced back in March, it left business owners and their advisors with more questions than answers. The application and instructions are not without issues, but they do resolve several calculation and substantive questions that we have been seeking.

In this 1-hour live webinar, members of AAFCPAs Covid-19/CARES Act Task Force Courtney McFarland, CPA, MSA and Brittany Besler, MBA, CPA, Esq. provide borrowers with guidance and clarify some of the most notable PPP Loan issues and answers, including:

What are the significant new elements and criteria outlined in the SBA’s PPP loan forgiveness application & instructions?
What changed from our original estimates, and what remains unanswered?
What are the requirements of backup documentation, and what needs to be submitted with the application?
What are strategic approaches that will maximize the opportunity for allowable forgiveness?
What are key considerations associated with your prior spending as it relates to reasonableness and forgiveness applicability under the newly designed application?

Watch the Webinar OnDemand

Recorded Thursday, May 21, 2020

Download Slides

About the Author

Courtney McFarland, CPA, MSA, 340B ACE

Courtney is an audit & consulting partner in the firm’s Healthcare Practice with extensive experience advising the nation's healthcare safety net community, including Federally Qualified Heath Centers (FQHCs), clinics, and behavioral health providers. She delivers a full range of solutions solving the challenges that AAFCPAs’ healthcare clients face, including: audits in accordance with Uniform Guidance/Single Audit and Government Auditing Standards, 340B pharmacy program requirements, best practices for reconciliation & analysis of statistical and programmatic data, …

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