Since the enactment of the CARES Act, the Small Business Administration and U.S. Department of the Treasury have continually updated the rules governing the Paycheck Protection Program (PPP) through formal rulemaking and less formal guidance. Increased focus on independent schools has caused many in the industry to reconsider accepting the PPP loan. Join Venable for a discussion of the steps schools can follow to support their good faith certification of need and to best position themselves in the case of an audit.
Allyson Baker, Partner, Venable LLP
Caryn Pass, Partner, Venable LLP