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OBA's Zoom Meeting
adrian
15:21
It is my understanding that banks can participate in the PPP program as well.
dees1
15:46
Any clarification on whether 1099 reported payments are included within payroll for purposes of determining the loan amount?
cwalta
17:16
We are not currently a SBA Lender. What process must we follow to participate in PPP Loans.
adrian
20:22
https://www.sba.gov/document/sba-form-750-lenders-loan-guaranty-agreement-deferred-participation
adrian
20:37
Above is the link to the SBA's 750 form.
John Day, OKC
26:01
Regarding the "100%" SBA guaranty, what is the risk that the SBA denies the guaranty based on a technicality?
John Day, OKC
26:26
Do we need an SBA Packager for the PPP?
dees1
26:44
The Act seems to say that we will not be paid by Treasury until after the forgiveness period. Are you saying that we will get the money up front?
selliott
27:20
Can you explain the debt forgiveness of the debt and there is also a section that discusses a decline in the SBA guaranty to 85% and then to 75%.
Jerry Barr
28:29
Are banks or financial institutions eligible to be a recipient of the PPP program as well?
ryan.lynch
28:54
Will the PPP applications be filed through the SBA Online Portal and be given an Approval Number once filed?
adrian
29:11
Jerry, it is my understanding that a financial institution is eligible for the program.
davidr
31:00
Are seasonal and part time employees included?
Megan McGuire
31:19
the mics have been unmuted for questions. you may mute yourself if you wish
Brant Bonham
31:23
Is there any type of farming operation that would qualify for the PPP program?
ryan.lynch
31:33
Since the SBA is waiving their fee's is their any monthly back office reporting required on these loans like with other 7A and Express Loans
dees1
31:35
discuss the decline in the SBA guaranty percentage after 2020.
Robert Young
34:36
Is there a gross revenue limit on the business to apply for a PPP?
Ernie Cunningham
36:33
What documentation will be required to prove that the funds were used correctly to receive debt forgiveness?
mwalther
37:15
Under PPP, Can you apply for more than 2.5X those particualr costs? knowing only 2.5X is eligible to be turned into a grant?
Michael Oonk
37:33
Treatment of interest during the covered period and prior to forgiveness/reimbursement?
Brant Bonham
39:41
Is there a maximum asset size for businesses that apply for the PPP loan?
Ben Hampton
40:01
if employees have been laid off can they be rehired since funds have been made available
adrian
40:05
Apparently the Treasury changed their mind late last night and banks aren't eligible for the PPP.
Shirley
44:22
Are the PPP loans fixed at 4% for the entire 10 years?
Shirley
46:22
Do MRB's qualify for this program?
andrewmarshall
48:11
My understanding is MRB’s are not eligible.