The Paycheck Protection Program - Legislative Updates

Course Description:
New Paycheck Protection Program (“PPP”) legislation is enacted. This legislation introduces material changes to the PPP for existing borrowers, including new forgiveness parameters, as well as additional funding for existing and first-time borrowers. The legislation also changes eligibility requirements and expands eligible expenses under the PPP. Join us for a discussion of this new legislation.

Learning Objectives:
Outline the new round of PPP loans, including eligibility requirements.
• Review program changes and the impact to borrowers and lenders
• Updates to the EIDL and SBA Debt Relief programs

Michael Holdren, CPA, Senior Manager | Eide Bailly
Michael provides assurance and consulting services to community bank clients to meet their growing list of needs. Using his experience as a former bank CFO and depth of industry knowledge, Michael understands the needs of management and works closely with clients to develop institution-specific solutions and strategies in areas of financial statement audits, bank exams, interest rate and liquidity risk, loan file review and other consulting engagements.

Brock Thaemlitz, CPA, Manager | Eide Bailly
Brock works with banks to provide tax planning and tax preparation services. He assists banks ranging from $20 million to $1 billion with a multitude of consulting services from day-to-day bookkeeping operations to capital and succession planning. He also assists banks and bank holding companies with merger and acquisition issues including tax structuring of transactions and the regulatory application process. In addition, Brock recently has taken a lead role in SBA PPP working group and continues to provide loan file review services.

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