Jan. 11 webinar to look at features of new Paycheck Protection Program

An overview of the new Paycheck Protection Program (PPP) features included in the massive coronavirus crisis relief legislation passed by Congress late last month will be provided in a webinar on Monday (Jan. 11) sponsored by federal financial institution regulators, the agencies said Friday.

In a release, the National Credit Union Administration (NCUA) said the webinar – presented by Small Business Administration (SBA) and Treasury Department officials – gets underway Jan,. 11 at 2 p.m. ET. The federal banking agencies and NCUA are co-sponsoring the event, the release noted.

The presentation is scheduled to review the PPP features associated with the associated with the Economic Aid to Hard-Hit Small Businesses, Non-Profits, and Venues Act, signed into law by President Donald Trump Dec. 27. According to NCUA, the SBA and Treasury speakers will:

  • Provide a timeline for the rollout of the new PPP programs;
  • Offer an overview of the PPP loan programs including first and second draw loans; and
  • Discuss new forms and guidance.

A brief Q&A session is scheduled to follow the presentation.

Registration: Basics of New Paycheck Protection Program (PPP) Loan Programs