Cash is King: You’ve Decided to Keep Your PPP Funds, Now What? Properly Prepare to Maximize Loan Forgiveness.

Even before COVID-19 hit, American businesses averaged less than 28 days of cash on-hand. Economic recovery will depend on businesses and supply chains surviving through better cash flow management. Since April 23, businesses having been scrambling to navigate the ever-changing maze of qualification requirements to determine whether to keep their PPP funding in the wake of FAQs 31, 37 and 39. The next critical process will be ensuring — to the extent possible — proper documentation for filing for loan forgiveness in the weeks ahead.

Join Davis|Kuelthau, s.c., Sikich LLP and BizTimes on Tuesday, May 12 from 2-3PM Central for a live webcast addressing the latest PPP guidance.

Presenters will discuss:

• How best to document your loan use for sake of future forgiveness
• Actionable cash flow management strategies
• Considerations for tax preparations
• Understanding the FTE calculations under PPP
• What happens if someone quits during the PPP lifeline?
• Strategies for workforce maintenance beyond your 8-week PPP lifeline

This program is brought to you by Davis|Kuelthau, s.c., Sikich LLP and BizTimes.

Davis|Kuelthau, s.c. offers an array of innovative legal solutions to corporate, public, private and individual clients that range from small, midsized institutions to large municipalities and corporations. To help companies mitigate and manage risk during this unprecedented era, D|K has organized a multidisciplinary team to monitor and address the vast range of regulatory, litigation and transactional challenges faced by companies. Our daily summaries and webinar guidance are located at: https://www.dkattorneys.com/coronavirusguidance/ 

SBA Creates New Safe Harbor for PPP Certification Review: Loans Under $2 Million Deemed Certified in Good Faith and Loans Over $2 Million Subject to Possible Loss of Forgiveness

Sikich LLP is a leading professional services firm specializing in accounting, advisory, technology and managed services. Our experts are committed to providing you with the guidance and resources you need by developing an extensive Coronavirus Resource Center.

Download the PPP Forgiveness Calculator

Interested in sponsoring a webinar? To reap the benefits of the ultimate virtual marketing opportunity contact Linda Crawford, Director of Sales, to discuss opportunities. Webinar sponsorships are limited.