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GIACC hosts a discussion on the Second Round of Payment Protection Plan

March 2021
GIACC hosts a discussion on the Second Round of Payment Protection Plan

On February 3, 2021, Georgia Indo-American Chamber of Commerce (GIACC) flagged off its 2021 calendar of events with a webinar very relevant to small and medium-sized businesses as well as professionals, during these pandemic times.

GIACC protects, develops, encourages, promotes, and fosters trade, business, financial or professional interests, and commercial relations between India and the United States, specifically Georgia. Post Covid-19, the Chamber has continued to remain active and connected to its members by hosting several free webinars on key topics. And the webinar conducted on February 3 was one such.

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GIACC along with Quantum National Bank conducted an informative webinar on the Paycheck Protection Program Round 2 offered by the Small Business Administration (SBA). The target audience was local business owners and professionals impacted by the pandemic related economic downturn.

The webinar was moderated by Grace Multani, Secretary of GIACC. The organizers and presenters were Anita Ninan, Chairperson of GIACC and SK Raj, President of GIACC.

Quantum National Bank was represented by Bryan Cohen, CEO; John Bramblett, COO/ CLO; and Tyler Philips, Chief Deposit Officer. Quantum National Bank, established 25 years ago, is the longest standing South Asian-owned community bank in Georgia. The founding Chairman Dr. Narasimhulu Neelagaru, known to all as “Dr. Neel,” is still leading the way.

The Paycheck Protection Program (PPP) webinar was well attended. It covered various PPP related topics and questions such as: does my business qualify and what are the eligibility criteria; where and how do I apply and will the money run out; can I request an increase to the original PPP loan amount; what is the deadline for application submission; what other programs does SBA have under the CARES Act to help small businesses survive.

The webinar turned out to be an interactive one as participants posed several questions to the panelists.
A recording of the webinar in its entirety is available on the GIACC website: www.giacc.net.

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