Previously Recorded NFIB Webinar
Wednesday, June 10th at 12pm ET

Breaking News: Paycheck Protection Program (PPP) Loan Terms Updated 

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Great news! Thanks to action by Congress on June 3, small business owners now have more flexibility in using their PPP loan. NFIB’s upcoming webinar will focus on the new Paycheck Protection Flexibility Act H.R. 7010 and what it means for your business.  

The new PPP law:

  • Lengthens the loan forgiveness period from eight weeks to 24 weeks.
  • Lowers the amount of PPP funds that must be spent on payroll from 75% to 60% and allows 40% for other qualifying expenses.
  • Delays employer payroll tax payments through the end of 2020.
  • Exempts borrowers from the FTE loan forgiveness reduction if borrowers are unable to return to the same level of business activity as before Feb. 15th due to Covid-19.

Please join Holly Wade, Director, NFIB Research & Policy Analysis, and Beth Milito, Senior Executive Counsel, on June 10 for their weekly webinar where they will focus on dramatic changes to the PPP loan program and also discuss other resources available to help small businesses navigate Covid-19.

As small businesses continue to face complex challenges relating to their business operations and managing employees, NFIB remains committed to helping owners navigate this crisis and providing updated information on financial resources, handling unemployment insurance challenges, and managing workplace health and safety issues as businesses reopen.

Submit your questions to Holly and Beth in advance by emailing [email protected].

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About the Speakers:

 

 

Elizabeth Milito
Senior Executive Counsel, Legal Foundation, NFIB

Beth Milito is responsible for managing litigation and amicus work for NFIB. She has testified before Congress, federal agencies, and state legislatures on the small business impact of labor and employment issues. Ms. Milito assists businesses facing employment discrimination charges, wage and hour claims, wrongful termination lawsuits, and in most other areas of human resources law. She is a frequent media spokesperson on employment and labor matters.

 

Holly Wade
Director, NFIB Research Center

Holly Wade is the director of research and policy analysis for NFIB, where she conducts original research and studies public policy effects on small businesses. She produces NFIB’s monthly Small Business Economic Trends survey and surveys on topics related to small business operations. Holly is also a member of the Board of Directors of the National Association for Business Economics (NABE). She has undergraduate degrees in Political Science and Sociology from the University of Washington, and a Masters of Public Policy from the University of Denver.

 

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