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The long-awaited Treasury guidelines and application form on loan forgiveness of the Paycheck Protection Program (PPP) have finally been released. With thousands of arts groups and self-employed artists having successfully received billions of dollars in PPP loans, the goal now is to get these loans forgiven. Join Americans for the Arts and the Arts Action Fund for a PPP Loan Forgiveness webinar on Friday, May 29th at 3:00 pm EDT.
Registration for this live webinar has reached capacity. Join the live stream on the Arts Action Fund Facebook page. Can't make the live stream? The event is being recorded and you can access it on ArtsU or on of Facebook page.
Speakers include:
- Robert L. Lynch, Americans for the Arts President and CEO will provide an update on the latest legislative developments as it relates to PPP Loans in Congress.
- Sarah Mercer, Brownstein Hyatt Farber Schreck Shareholder Attorney will provide detailed guidance on the Treasury Department's newly released PPP Loan Forgiveness application and instructions.
- Nina Ozlu Tunceli, Americans for the Arts Action Fund Executive Director will join Sarah in hosting a Q & A of specific challenges arts organizations and self-employed artists are facing with the PPP forgiveness guidelines.
Resources:
- Latest SBA revised rulings after enactment of the Paycheck Loan Flexibility Act on June 5th
- SBA revised rulings after enactment of the Paycheck Loan Flexibility Act on June 5th
- Navigating the Coronavirus Resource and Response Center
- COVID-19 Arts Research Impact Highlights
- CARES Act Funding Tracker
- Treasury guidance and application for PPP loan forgiveness released on 5-15-20
- Sarah Mercer's PowerPoint on PPP Loan Forgiveness
Here is a summary of PPP lending report as of 6/20/20.