HortySpringer Health Law Expressions
Check out Health Law Expressions -- our podcast channel, in which HortySpringer attorneys give their take on cutting edge developments in health law in 20 minutes or less, and have some fun while doing so. You give us 20 minutes, we’ll give you the law.
HortySpringer Health Law Expressions
Paycheck Protection Program – Proceed with Caution!
If your organization has received a loan from the new Paycheck Protection Program, congratulations! But like any government program, be careful! There are always strings attached. Recent controversy about large organizations getting assistance has caused regulators to warn that if you keep the money but are later found to not need it, you could be in big trouble.
To help you understand what may be at stake, tune into this timely podcast, where HortySpringer attorneys Phil Zarone and Dan Mulholland describe what you must do to document that you may not be able to cover payroll, rent or utilities without the loan and the consequences of the certification that you made to get it. They also discuss the option of repaying the loan by May 7 if you don’t need it, which can limit your exposure later on.