[CLBS] Follow up information on PPP eligibility

[Patrick Geile]

Good Morning,

Pat Johnson provided some great guidance on the PPP eligibility.  Thanks!

See below.

Patrick J. Geile
Foley Freeman PLLC
(208) 947-1563

From: Patricia Johnson <pat at johnsonzager.com>
Sent: Monday, April 27, 2020 8:09 PM
To: Patrick Geile <PGeile at foleyfreeman.com>
Subject: RE: Questions


Patrick,



Thank you for the presentation today.  I don't have a question, but want to share that debtors in bankruptcy or who file prior to disbursement of a PPP loan are not eligible in response to questions today.  See the attached highlighted (pages 8 and 9) updated final rule.  I wouldn't be surprised if the question as to the impact of a filing after receipt of a PPP loan will come up in the future if the filing is close in time to receipt of the PPP loan.



Regards,



Pat Johnson


[cid:image003.jpg at 01D61CC7.581D4070]

Patricia L. Johnson
13403 N. Government Way, Suite 204
Hayden, ID 83835
208-772-4882
pat at johnsonzager.com<mailto:pat at johnsonzager.com>

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