Economic Aid Act - COVID Relief PPP and SBA 504/7A Benefits

On December 27, 2020, the Consolidated Appropriations Act, 2021 was signed into law. This new legislation revives the Paycheck Protection Program (PPP), as well as providing a breadth of benefits to businesses designed to address the economic fallout from the pandemic. The $900 billion legislation enhances key elements of the Small Business Administration's traditional lending efforts. The package authorizes $2 billion for the SBA's 7(a) and 504 programs, as well as additional PPP relief.

This event is presented by the Carolinas-Virginias Chapter of the Risk Management Association.

Topics and Speakers

SBA 504 Benefits

• Curt Solomon, Senior Vice President and Business Development Officer, Business Finance Group, Inc.
• Elaine C. Fairman, Executive Director, Business Expansion Funding Corporation (BEFCOR)
   

PPP and SBA 7A Benefits

• Ford Scott, Lender Relations Specialist, U.S. Small Business Administration
• Karen Hoskins, Lead Lender Relations Specialist, SBA NC District Office, Charlotte, NC
   

Q&A Session

• Lemuel "Uel" Whitsett, Partner, Banking & Financial Services, Williams Mullen
   

Main Street Lending Program (RECAP): Follow up to the CAVA RMA fall program.

• Matt Cheek, Partner, Banking & Financial Services, Williams Mullen
   

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