Webinar Recording On-Demand

Paycheck Protection Program

 

Stout’s Paycheck Protection Program (PPP) experts provide PPP borrowers of greater than $2 million with practical advice, tips, and pointers for completing the SBA’s Form 3509/3510 Loan Necessity Questionnaire (“the Form”). They suggest how certain questions should be answered, provide information to consider including as explanations to certain responses, and decipher what supporting information to include or not include. Stout's experts also discuss how they anticipate the Form being used by the SBA to help them determine the timing and scope of the inevitable audits, including what borrowers can and should do to help prepare, and briefly address what potential risks borrowers face from the PPP loan.

Specifically, this on-demand webinar covers:

  • The difference between the PPP forgiveness process and the Form 3509 and SBA audit process
  • Form 3509/3510 and SBA audit overview, purpose, and timing
  • Overall tips and pointers for completing the Form, including supporting documentation to include or not include
  • Specific suggestions for completing certain questions in both the Business Activity Assessment and Liquidity Assessment sections
  • What we expect from the SBA audits, timing, and scope
  • How to best prepare for an SBA audit, and what can and should be done now
  • Overview of borrower risks, including full or partial repayment, litigation and qui tam cases, and government enforcement actions