What You Need to Know About the PPP with Eastern Bank

This workshop will cover Paycheck Protection Program (PPP) loans available as first and second draws.

Specific areas discussed will include:

· What are First and Second Draw PPP Loans · Eligibility Requirements · Explanation of the 60/40 Rule · Important Terms and their Definitions · Coverage Periods · How to Calculate Payroll Costs · Forgiveness Documentation · Upcoming Deadlines

Special Guest Speaker will be Gina Flynn of Eastern Bank. Gina will bring great expertise about the flow of the PPP from the banking side in addition to the information from the SBA.

Presented by Rosa Di Virgilio Taormina, MSBDC Business Advisor - CARES Act