The Paycheck Protection Program: What You Need to Know Before the May 31 Deadline

Stock photo of loan application on clipboard
image: iStock

Webinar Recording and Additional Resources Now Available

Last week, ASLA hosted a webinar on the federal government’s Paycheck Protection Program (PPP), presented by Chris Chan, Founder and CEO of 3C Strategies, and moderated by Joy Kuebler, ASLA, President of Joy Kuebler Landscape Architect, PC. The presentation is now available as a recording for free and for ASLA members only.

The Paycheck Protection Program (PPP) loan is a low-interest loan that can be turned into a grant and is accessible to all qualified small businesses. The April 12 session covered business qualifications and required documents when preparing to file the application. The current deadline for PPP loan applications is May 31, 2021, so be sure to watch this timely webinar to expedite your application process!

ASLA members also have exclusive access to additional resources from the webinar: the slides from the presentation, additional speaker comments, and audience Q&A.

Please log in to with your ASLA username and password to access the recording.

The PPP has been the centerpiece relief program for small businesses during the coronavirus pandemic. Originally created by the CARES Act in 2020, this Small Business Administration program has provided nearly $690 billion in loans to 7.6 million small businesses across the nation. In a COVID-19 Business Impact Snapshot released by ASLA in May 2020, nearly 60 percent of survey respondents said they applied for financial relief via the CARES Act, with over 90 percent being successful in obtaining funds.

On March 11, 2021, the American Rescue Plan Act was enacted, providing an additional $7.25 billion in funding for the PPP, expanding eligibility for first and second draw PPP loans, and revising the exclusions from payroll costs for purposes of loan forgiveness.

Watch the recording to learn more about assessing your company’s eligibility and required documentation related to both eligibility and use of PPP loan funds.

See the ASLA Business Toolkit for more resources for ASLA members.

Leave a Reply