Jun9
PPP Loan Forgiveness–Finney Law Firm Discusses the Rules
EmpowerU co-sponsors this Class with Cincinnati Area Board of Realtors
This Class is an Online Class OnlyEmpowerU Studio at Frame USA Closed due to Covid-19
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Tuesday, June 9, 2020
To View a Complete Recording of this Class–Click Here
Several weeks ago, Finney Law Firm (FLF) did a webinar for EmpowerU on the relief offered to small business and self-employed under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). One of the main focuses of that webinar was the Paycheck Protection Program (PPP), which offers forgivable loans to small businesses. Since that time, over 4.5 million companies have received PPP loans totaling over $510 Billion. And, approximately $100 Billion in funding for PPP loans remains unused.
If you are one of the small businesses or self-employed that received a PPP loan (or if you are considering applying for one), you’ve likely been wrestling with questions on how to make sure your loan is forgiven. The SBA has now provided significant additional guidance on PPP loan forgiveness, including, for example:
- New rules on what payroll counts toward forgiveness
- New rules on what you can spend PPP funds on other than payroll
- New rules on when you must spend PPP funds
- How you calculate your reduction in loan forgiveness if you decrease employees and/or compensation (including safe harbors that help preserve PPP forgiveness)
And, Congress is considering changing the rules to allow more time and flexibility in spending the funds. In this webinar, FLF will outline these new rules and the potential changes, and how to maximize your PPP loan forgiveness.
Even for small businesses that received a PPP loan, that loan is likely not the only assistance needed to survive and thrive in this changing economy. One of the lessons learned over the last several weeks is that the economic impacts of the COVID 19 pandemic are likely longer lasting and more far reaching than we originally imagined. Recognizing this reality, FLF has launched a Small Business Solutions Group, https://finneylawfirm.com/practice-areas/small-business-solutions-group/
Tuesday, June 9, the presenters will explain the the importance of how to get your PPP Loan forgiven by your financial institution and the SBA. If you have a PPP Loan don’t miss this class.
Speakers Bio
Chris Finney Rebecca Heimlich
Rep. Brad Wenstrup
This New Class Will Be Presented Virtually Only
EmpowerU Studio is Closed Due To Covid-19
Brad Wenstrup was elected in 2012 to represent the people of Ohio’s Second Congressional District in the United States House of Representatives. He has been deeply involved in the PPP loan program to help businesses. He brings experience as a doctor, Army Reserve officer, Iraq War veteran, and small business owner to help Congress tackle the economic and security challenges facing the nation.
In the 116th Congress, Brad serves on the House Committee on Ways and Means and the House Permanent Select Committee on Intelligence. He previously spent six years on the Armed Services Committee and the Committee on Veterans’ Affairs. As a member on the Ways and Means and Intelligence Committees, Brad is working to address the national health care situation and systemic poverty issues, while strengthening our national security. He has long been a voice of support for southern Ohio’s veteran community.
A Cincinnati native, Brad graduated from Saint Xavier High School and the University of Cincinnati. He went on to earn a medical degree in Chicago as a podiatric physician and after completing his surgical residency he established private practice in Cincinnati, treating patients for 26 years.
During his time in Congress, Brad is fulfilling his Reserve duties by serving as the Medical Policy Advisor for the Chief of the Army Reserve as well as seeing patients at Walter Reed National Military Medical Center in Bethesda. Brad and his wife, Monica, reside in Cincinnati with their children Brad Jr. and Sophia. Brad will be joining us on the Webinar on Tuesday night, June 9.
Chris Finney is a licensed attorney in Ohio, Kentucky and the District of Colombia, as well as a licensed Ohio real estate title insurance agent. Mr. Finney was named Ohio Lawyer of the Year in 1998 at the age of 37.
Bringing more than 30 years of experience as a real estate attorney, Mr. Finney has knitted together the attorneys of the Finney Law Firm with the title professionals and attorneys at Ivy Pointe Title to create a sophisticated and robust commercial and residential title insurance company. The Finney Law Firm gives depth to the title company in the areas of corporate and transactional law, real estate law, probate and estate administration, trust law, bankruptcy law, and commercial dispute resolution.
Mr. Finney is the owner of Finney Law Firm, where he concentrates in commercial and public interest law as well as matters of real estate law and title to real estate.
The height of Mr. Finney’s legal career to date was reached with two wins before the United States Supreme Court in June of 2014, for clients suing the Ohio Elections Commission over their administration of the Ohio “False Claims” statute, empowering a panel of bureaucrats to judge the truth or falsity of statements made during election campaigns. Mr. Finney challenged the statute, and the criminal penalties attendant thereto, in a series of cases spanning five years. After losing the issue before three separate District Court judges, and all fifteen Judges on the 6th Circuit Court of Appeals (an 0-18 losing record on this issue), Mr. Finney won back-to-back 9-0 decisions on the cases from the US Supreme Court. Contact Information: chris@finneylawfirm.com 513-943-6650
Mr. Finney is an experienced transactional attorney and commercial litigator, allowing him and his firms to seamlessly document and close your transaction, as well as address disputes that can arise during the course of a transaction.
Rebecca Heimlich is an attorney at the Finney Law Firm.
EmpowerU welcomes Cincinnati Area Board of Realtors as a Co-Sponsor of this class.
