Partners Timothy J. Cunningham, David A. Weinstein and Frances A. McElhill will present Alliance for Strong Families and Communities’ Webinar, “What Nonprofits Need to Know for Navigating the SBA PPP Loan Program Forgiveness Application” on Friday, May 29th.
The Small Business Administration (SBA) just issued the Paycheck Protection Program (PPP) loan forgiveness application and related instructions. PPP borrowers will be required to complete this application and submit it to their lenders (or the lender servicing the PPP loan) to be considered for total or partial loan forgiveness. Understanding the application process, correctly performing the necessary calculations, and maintaining required supporting documentation is critical to maximizing loan forgiveness for you and your nonprofit.
During this webinar, members of Archer’s COVID-19 Taskforce will discuss steps your organization needs to take to properly apply for PPP loan forgiveness.
Timothy J. Cunningham is a partner in Archer’s Public Affairs and Public Finance Groups. Mr. Cunningham is the former head of New Jersey’s Division of Local Government Services within the Department of Community Affairs, where he served as Chairman of the Local Finance Board and worked closely with county governments on numerous public matters. Through this regulatory oversight role, Mr. Cunningham has become one of the most prominent voices in New Jersey’s local government and public finance communities. As a member of Archer’s Covid-19 task force, Mr. Cunningham has been providing clients with real-time guidance on the implications of the rapidly evolving epidemic, advising on the various aspects of the CARES Act, including the Paycheck Protection Program and its implementation by the Small Business Administration and the guidance issued by the US Department of Treasury.
David A. Weinstein, Esq. is a partner in Archer’s Business Counseling Group and has a diverse corporate practice, with a concentration in project financing and development financing. Mr. Weinstein has served as bond counsel, underwriter’s counsel, trustee’s counsel and bank counsel for various public and traditional financing transactions, including financings for educational facilities, multifamily housing projects, redevelopment projects and for public entities. Since the outbreak of COVID-19 and the passage of the CARES Act, Mr. Weinstein has been advising public and private sector clients, including non-profit entities, on the various aspects of the CARES Act, including the Paycheck Protection Program and its implementation by the Small Business Administration and the guidance issued by the US Department of Treasury.
Frances A. McElhill is a partner in Archer’s Nonprofit and Education Practice Groups. McElhill has more than 30 years’ experience representing nonprofit corporation clients and their boards of trustees. She serves as outside counsel to several area colleges and universities and to various international and national consortia of higher education clients and to several private school clients. She also represents a number of large nonprofit behavioral health care organizations, schools for students with developmental disabilities, and social service agencies in connection with their corporate structuring, governance, development, tax, and financing issues including being involved in a number of mergers, consolidations, affiliations, program and asset transfers, and private-public joint ventures. She also has decades of experience in public finance transactions for tax exempt organization clients. During the COVID-19 pandemic, as a member of the firm’s COVID-19 Taskforce, she has spent a good deal of her time advising her nonprofit multi-service provider clients about available federal, state, and private resources to help them sustain their programs and best seek to fulfill their missions
What: Alliance for Strong Families and Communities Webinar, “What Nonprofits Need to Know for Navigating the SBA PPP Loan Program Forgiveness Application”
When: Friday, May 29, 2020 1:00pm-2:00pm
For more information and to register, click here.