• County Chambers Webinar: Important Updates on the CARES Act and PPP Loan Changes

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    Name: County Chambers Webinar: Important Updates on the CARES Act and PPP Loan Changes
    Date: June 10, 2020
    Time: 4:00 PM - 5:00 PM PDT
    Event Description:
    Join us next Wednesday, June 10th at 4 p.m. for a webinar on updates to the CARES act and the Paycheck Protection Program Flexibility Act of 2020. The measure was passed by the House last week and makes significant changes to the Paycheck Protection Program that was designed to help small business borrowers.  
    The key provisions include:
    • Extends the time period in which borrowers must spend their PPP loans from 8 weeks to 24 weeks. 
    • Lowers the percentage of loan proceeds that must be spent on payroll from 75 to 60 percent. 
    • Extends the loan coverage period from June 30 to December 31, 2020.
    • For the portion of the loan that isn’t forgiven, the measure extends the loan term from 2 years to 5 years.
    Panelists include:
    • Jennings Imel, Executive Director of the U.S. Chamber of Commerce’s Western Regional Office and our South Coast representative to the US Chamber of Commerce. 
    • Tony Vallejo, Partner at Nicholson & Schwartz Certified Public Accountants 
     The panel will be followed by Q&A. 
    Free Online Webinar
    Register by clicking below:
    Date/Time Information:
    June 10, 2020
     4 PM - 5 PM
    Free Informational Webinar
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