Most of the 945,920 first round PPP loan borrowers have sought or will seek debt forgiveness, anxiously awaiting the SBA’s final decisions on whether specific loans will be forgiven. With the SBA admitting serious backlog, some say borrowers’ debt forgiveness applications are getting lost in the SBA’s “black hole.”
Passively waiting for the SBA’s decision is not the answer. It is crucial that borrowers prepare alternative courses of action, including a possible administrative appeal to change an adverse SBA decision.
In this webinar Dorsey’s panel of seasoned advisors will discuss possible courses of action borrowers can proactively explore as they navigate these uncharted waters, including pay-back options, negotiation strategies, possible False Claims Act exposure, and getting in front of appeal planning.
While borrowers cannot force an SBA decision, this session will explore how to be poised to act wisely and promptly regardless of what the SBA decides.
Presenters:
Douglas S. Lang, Of Counsel, Dorsey & Whitney LLP
Kenneth Logsdon, Partner, Dorsey & Whitney LLP
Kirk Schuler, Partner, Dorsey & Whitney LLP
Jamie Whatley, Partner, Dorsey & Whitney LLP
View the materials from the webinar.
**NOTE: Watching this recording does not allow the user to obtain CLE, CPD, CPE or HR credits.