Everything Lenders Need to Know about First and Second Draw PPP Lending
What you Need to Know about:
PPP Second Draw Loans
New PPP Forgiveness Guidance
PPP 3.0 Loan Eligibility
New SBA 7(a) Lending Guidance
Definition of “Good Faith” Actions Required by Lender

A Coleman Webinar
Date: Tuesday, January 26, 2021
Time: 2:00 p.m. Eastern
Download a Registration Form
75-minute webinar that lets staff earn e-certification
PPP 3.0 — New Guidance Now Available for SBA and PPP Lenders

PPP 3.0 is here! Another massive influx of funding is available for Main Street. SBA released 124 pages of new guidance for PPP forgiveness and second draw, more information is expected to be released soon. Within the next few weeks the program will become operational.

The $325 billion program will provide additional assistance to your cash-strapped small businesses, non-profits and venues to help them recover from the Pandemic.

Basically, the entire program has been rewritten. It is definitely improved over the first iterations of PPP.

Join Lance Sexton as he outlines the opportunities, and traps, for SBA and PPP lenders.

Your Professional Coleman SBA Webinar Instructor:

Lance Sexton has a long history of working with small businesses and educating small business owners and students related to Entrepreneurship and SBA Loan Origination, Servicing, and Liquidation.

Lance has 30 years of experience in the origination, servicing, and liquidation of SBA Loans, ten years of experience directly managing portfolios of SBA loans that are both performing and non-performing, and six years of experience as a small business owner. He has served as Vice President, Senior Vice President, and Executive Officer of three community banks building and managing SBA portfolios at each bank. Lance also was a faculty member of the Sam M Walton College of Business at the University of Arkansas teaching entrepreneurship courses. He is an Executive Vice President of BankOZK.

The specific PPP 3.0 benefits you will learn:
  • PPP 3.0 Second Draw Loans
  • Calculation of Revenue Reduction Standards
  • PPP 3.0 First Draw Loans
  • PPP 3.0 Eligibility
  • PPP 3.0 Loan Forgiveness for Loans less than $150,000
  • PPP 3.0 Loan Forgiveness for Loans between $150,000 and $2 million
  • PPP 3.0 Loan Forgiveness for Loans over $2 million
  • Lender Hold Harmless Guidance
  • New EIDL Emergency Loan Provisions
  • Lender Compensation
  • Definition of FTE equivalency
  • Eligibility for Start-Ups
  • Additional Guidance for non-profits
  • Bankruptcy Provisions
  • Venue Operator Grants
  • Extension of Debt Relief Payments
  • Guidance for Payment Deferrals
Webinar Details

Participants Earn Certificates of Participation
All Coleman Webinar attendees will receive a certificate of participation. This documents your continuing education history for SBA and your regulators.

Participant Questions
Questions are strongly encouraged. There are two ways to ask a question during the webinar. The first is to ask the question via the chat box on the GoToWebinar dashboard. The second way is to send an email to joseph@colemanreport.com. Also, feel free to ask pre and post-webinar questions.

How the Webinar Works
We use GoToWebinar for the webinar platform. You will receive a link that will direct you to an Internet site to view the presentation. If you would like to test this process to make sure you will be able to access the link through your system’s firewall, just send an email to joseph@colemanreport.com, and he will schedule a test run.
Note we will open the webinar for attendees to join at 10:300pm ET. This will give each attendee thirty minutes before the webinar begins to troubleshoot any technical issues. Call (818) 790-4591 if you need assistance.

All Coleman Webinar Speakers are seen Live via Video Stream
You will see our speakers live through a video feed. You may customize the size of the speaker and powerpoint presentations by clicking on the webcam button on the GoToWebinar dashboard. You may position the speakers at the top, bottom, right or left hand sides. You may also choose to eliminate the video stream and just view the powerpoint.

Telephone Only Option
You may also choose to listen to the program on your telephone. The phone number will be provided with the handouts.

PDF Handouts
You will receive the pdf handout via email the day before the event. These may be distributed to all of your attendees.

Replay Link
If something comes up and you miss any part of the webinar, or there are technical issues such as a power failure, Internet dropout, fire alarm drills, actual fires or, earthquake (yes that has happened!) simply email joseph@colemanreport.com and he will send you a link you may watch all or part of the webinar at your leisure. There is no charge for this service.

The Fine Print
1) The single user registration fee of $489 is based on location not attendance. You may have as many people in one location attend. You may distribute the materials to anybody in your company.
2) For only $100 more ($589), you may invite as many people from your institution from as many locations as you wish. (You also get the reply link and transcript!) We will forward you a link that allows you to sign up as many people as you wish.
3) Substitutions are allowed at no charge.
4) Cancellations receive a 100% credit for any Coleman product.
5) As with all our products, we offer a 100% money back satisfaction guarantee — no questions asked.

Five Easy Ways to Order!

1) Previous customers need only to send an email to joseph@colemanreport.com with “Register SOP 50 53 2 Webinar” in the Subject Line. We will do all the paperwork and charge your credit card on file, or send you a PayPal request.
2) Call Joseph Coleman at Customer Service at 818-790-4591 extension 1
3) Fax the order form to: 818-790-7859
4) Mail the order form to: Coleman Publishing, 28081 Marguerite Pkwy, #4525, Mission Viejo, CA 92690
5) Click “Add to Cart” to pay using PayPal

Everything Lenders Need to Know about PPP Lending & Forgiveness

Bob Coleman
Editor, Coleman Report
28081 Marguerite Pkwy #4525
Mission Viejo, CA 92690
(818) 790-4591
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