NEW PAYCHECK PROTECTION PROGRAM

Understand What the Paycheck Protection Program Means for You

Don’t miss NMSDC and the US Chamber of Commerce (USCC) joint forum that will include a fireside chat with USCC experts on the new stimulus bill, Coronavirus Response, and the Relief Supplemental Appropriations Act. Additionally, there will be a panel discussion with bankers and other financial institutions, familiar with the PPP application process, designed to share information and answer questions to assist MBEs with securing a PPP loan.

This forum will provide insights that will:

• Allow small businesses to take a 1st or 2nd PPP loan;
• Simplifies PPP loan forgiveness application for loans $150,000 or less;
• Permits tax deduction of PPP loan expenses;
• Eliminates payback of the EIDL grant;
• Extends the COVID-19 paid leave tax credit; and
• Provides provisions for service industry companies and under-represented entrepreneurs.

The 90-minute forum is slated for January 6th at 2:30 p.m. EST. Don’t allow your questions to go unanswered; we want to hear from you.