ABL Advisor released a new video interview featuring Robert Katz, Managing Director, EisnerAmper. In this exclusive interview, Katz discusses the benefits and potentially significant risks for borrowers participating in the Paycheck Protection Program (PPP) included in the CARES Act. Additionally, we learn why some large banks lost customers to smaller regional banks as a result of this program.

The CARES Act was designed to help small businesses survive the coronavirus pandemic. As Katz outlines, under the provisions of the PPP, an applicant must certify in good faith that current economic uncertainty makes the loan request necessary to support the ongoing operations of the applicant. However, failure to satisfy this certification can result in penalties, including criminal penalties, for knowingly making a false statement to obtain the loan.

Readers are invited to view new this video: “PPP Loans – Do Your Borrowers Understand the Risks?”

The ABL Advisor Video Series was initiated during the coronavirus pandemic as an innovative and engaging way to deliver valuable insights into how this global crisis is impacting the commercial finance community. The ABL Advisor Video Series features exclusive interviews with leading and highly respected professionals from various disciplines of commercial finance, allowing them to share their professional and personal experiences with our national audience of commercial finance professionals.

To view recent videos, click here.