Webinar Replay: Breaking Down the New $284B PPP Legislation

Sal Trifilio

December 22, 2020

After months of tense negotiations on Capitol Hill, the House and Senate finally reached an agreement and passed a new stimulus package that will send $284B to the Small Business Administration and reopen the Paycheck Protection Program.

The bill, which passed both chambers with veto-proof majorities, is expected to be signed by the President in the coming days.

The legislation--part of a massive omnibus spending bill--will make significant changes to both PPP Originations and Forgiveness. In the 24 hours since its public release, our team has been hard at work poring over every detail of the bill to ensure we’re prepared to support our partners when the next round of PPP arrives.

To that end, our insights team held a special edition of our Weekly Tuesday Q&A Session to break down the 157 pages of legislation that will directly affect PPP and the banks and credit unions charged with distributing its funds.

Over the course of an hour, our team breaks down everything we know so far about how the bill affects Forgiveness, how it will change Originations, and how Numerated is prepared to ensure the next round of PPP is successful in the face of new complications.

Watch the on-demand webinar above to get insights and analysis on:

  • The timeline for rollout of new SBA regulations, updates to Forgiveness, and funding of new PPP loans
  • Changes to Forgiveness for both new and existing PPP loans
  • The three types of loans that will be available during the next round of PPP Originations
  • Factors that will affect how quickly funds are depleted
  • Expected improvements to the PPP Lending and Forgiveness Experiences

In addition to the content outlined above is an extended Q&A session with the nearly 1,000 participants that joined our Tuesday webinar, live. We’ll be holding a similar Q&A session on Wednesday, Dec. 23 at 3pm EST.

Get more insights and answers on your questions around the new $284B PPP legislation by contacting us today, or signing up for an upcoming insights session.

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