The Paycheck Protection Program continues to weigh heavily on bank policy, operations and customer relations. The vast majority of banks have shifted their attention from generating PPP loans to managing the documentation and process for forgiveness application. However, continually evolving guidance and unique borrower circumstances have left many banks with questions about whether or not their borrowers will receive forgiveness. This webinar presentation will cover new SBA guidance based on the loan forgiveness applications published June 16, 2020, and subsequent interim final rules and SBA procedural notices. The presenters from Thompson Coburn will draw upon their experiences to outline common pitfalls and practices for bank customers. The presenters also will address tax and other issues related to PPP loans.
Presented by Thompson Coburn LLP
Sean Crowley, Partner
Sean acts as a tax advisor to companies and concentrates his practice on business formations, mergers, acquisitions, divestitures, joint ventures, financings, debt offerings and equity offerings. He assists clients in understanding the tax implications of transactions and develops creative solutions for a variety of corporate and private equity clients to structure transactions in the most tax-advantageous fashion. In addition, Sean’s practice includes counseling clients on Section 1031 exchanges and foreign investment in the U.S. Sean’s tax practice also includes assisting sponsors with the structuring of investments in their funds, assisting nonprofit organizations in obtaining federal tax-exempt status and representing clients on a wide range of other tax matters, including tax matters related to partnerships, limited liability companies, C corporations, S corporations and REITs. Sean is a certified public accountant with prior experience at Deloitte & Touche and Ernst & Young.
Vicky Gilbert, Partner
Vicky is a versatile commercial finance attorney who represents banks, investors and borrowers in a wide variety of financing transactions and investments. Vicky’s clients include banks, finance companies, leasing companies, venture capital investors, insurance companies and borrowers. Vicky has represented lead banks in connection with large syndicated credit facilities, as well as domestic and foreign banks that participate in such syndicated facilities. In addition, she has substantial experience with sports franchise financing, representing lenders, managing and participating in financings for numerous professional and minor league sports teams, as well as all of the major leagues. Vicky also represents developers and lenders in connection with financing and credit support arrangements for public private partnership development projects.
Kristen Greenberg, Counsel
With more than 15 years of experience in the financial services industry, Kristen helps develop tailored solutions for her clients. As an attorney and accountant, Kristen utilizes her unique insight and skills to manage client matters and to help clients reach comprehensive solutions that match their business needs. Kristen represents and advises commercial banks and finance companies as well as borrowers. She has substantial experience in secured and unsecured finance transactions, including single bank and syndicated transactions, securitization and derivative transactions and asset-based lending transactions. Kristen works collaboratively with clients to reach solutions that match their needs.
For More Information
Contact the MBA Education Department at 573-636-8151 or email.