Monday, May 4, 2020   |   11 AM

Develop a plan to maximize your Paycheck Protection Program (PPP) loan forgiveness, decide what to do with your loan money, and strategize the next steps for after your PPP funds run out.

Take a moment to congratulate yourself on your PPP loan success! Then, join our one-hour webinar to get the answers to these important questions:

• What will business conditions look like in eight weeks? Will your organization still be impacted?
• Should you re-hire all, some, or none of the employees you laid off?
• Should you bring furloughed staff back on active payroll?
• Should you reinstate salaries that you reduced? And, do you need to bring them back up to 100% or can you raise them incrementally?
• If you decide to only activate some of the furloughed or laid off employees, which ones do you bring back and how do you do that while staying compliant with the many labor laws?
• After the eight weeks, will you have to turn right around and lay off/furlough the same people you just brought back on board?
• Is 100% forgiveness of the loan the right goal?
• What happens if you don’t hit the 75% payroll costs threshold?
• If you carry some of the PPP loan proceeds over into a 2-year note at 1%, how much should you try to carry over and what do you use it for? Furthermore, what’s your ability to repay that money?

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It is only due to our members' continued support that we are able to provide much-needed resources to Maryland's nonprofit sector. If you are able, please consider becoming a Maryland Nonprofits member at this critical time. We're all stronger when the sector is stronger.

Please call us at 410-727-6367 if you have any questions or concerns.