Course Description
When the dust settles, $659 billion of Paycheck Protection Program (PPP) loans will be funded by the nation’s robust network of financial institutions, many of which are smaller community lenders. However, more work will need to be done to shift to the next surge of applications as borrowers seek loan forgiveness. Join us for this lender-specific webinar on next steps and the introduction of our Eide Bailly tool to prepare for phase two of the Paycheck Protection Program: Loan Forgiveness.

This webinar will:

• Recap where we are at today with the PPP loan program, including a discussion on outstanding questions related to loan forgiveness.
• Introduce best practice considerations to help flatten the curve on the surge of loan forgiveness applications and how to best manage this impending workload—including steps that can be taken today.
• Introduce Eide Bailly’s PPP loan forgiveness model, which provides lenders and applicants with a tool to track eligible costs for loan forgiveness, in order to maximize loan forgiveness for the applicant and arm lenders with the assumptions needed to sell the forgivable amounts to the SBA in a timely manner.

Presenters:
Shane Husar, CPA, Partner
Shane is a Partner at Eide Bailly with more than ten years of public accounting experience and devotes his time exclusively to the financial institution industry. Shane helps our financial institution clients achieve their strategic business goals through his knowledge of the current regulatory environment and accounting requirements. Shane leads engagements for financial institutions ranging in size from $10 million to $8 billion in assets and offers a variety of consulting services in areas such as CECL implementation, loan file review and call report preparation. In addition, Shane is an active participant in Eide Bailly’s financial institution blockchain committee to prepare his clients for the impacts of this disruptive technology.

Michael Holdren, CPA, Senior Manager
Michael provides assurance and consulting services to community bank clients to meet their growing list of needs. Using his unique work experience, Michael listens to the needs of management and develops institution-specific solutions and recommendations. Michael has 14 years of financial institution experience, which includes 5 years in public accounting, 5 years in community banking, most recently as a CFO, and 4 years in accounting at a publicly traded life insurance company serving as Director of Accounting. Michael provides a wide range of assurance and consulting services to community banks, including audits, directors examinations, loan review and interest rate and liquidity risk reviews.

Additional Information:
This is a web-group seminar. No prerequisites or advanced preparation required. For information regarding refund, complaint and program cancellation policies, please contact Jason McKeever at 612.253.6628.