PPP Loan: Life Raft or Anchor for Your AE Firm

PPP Loans AE Firms | Stambaugh NessDuration: 60-minutes
Previously Recorded

Many AE firms received PPP loans in good faith and used the proceeds based on the requirements at the time. Now some firms are being told they didn’t qualify. Adding to the confusion for AE firms, state DOTs are not consistent in their contracting practices, making the application of forgiven funds to state contracts even more complicated.

Watch on-demand as SN’s AE PPP experts discuss PPP loan eligibility requirements, why the AE industry is truly qualified for this program, and how to support your reasoning that the loan was necessary.

Attendees will review sample state contracting practices to show the appropriate application of forgiven funds and hear feedback on our recent conversations with several DOTs. Plus, we’ll look at the PPP timeline from where the AE industry was at the time of the loan to the present day, and what to expect in the future.

Learning Objectives:

  • Learn what the eligibility requirements were for the loan.
  • Gain a high-level overview of where the AE industry is and where it could be going.
  • Understand how to best document your firm’s position for taking the loan.
  • Discuss what we’ve been hearing from the DOTs and your peers.

Webinar: PPP Loan: Life Raft or Anchor for Your AE Firm

*Credits are not offered for on-demand presentations.
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About the Presenters

T. Wayne Owens, CPA, CGMA, CDA | Stambaugh Ness

Wayne Owens, CPA, CGMA, CDA | Managing Director, Government Contract Services Practice Area

Over his 35+ year career, T. Wayne has established himself as a respected thought leader in the architecture and engineering industry. As the founder of T. Wayne Owens & Associates, PC, Wayne honed his skills providing consulting, auditing, and financial management services for firms nationally as well as serving as CFO of an architectural firm. You can frequently find him presenting to national audiences on his favorite industry topics including AE auditing and financial management, the AASHTO Uniform Audit & Accounting Guide, FAR overhead rates, government contracting, and project accounting.

 

Steve Snyder

Steve Snyder, CPA, CCIFP | Director, AEC Group

As Director, Steve’s concentration is on assisting clients within the architecture, engineering, construction and real estate development industries to improve internal processes and maximize profitability. Clients also benefit from his extensive experience auditing employee benefit plans ranging from 100 to 5,000 employees. In addition to his technical competence, Steve is an avid Penn State football fan and expert tailgater.