On April 21, OWB hosted a second webinar to provide guidance on the financial assistance packages available as part of the federal CARES Act as it pertains to members of the Oregon wine industry.
This session featured accounting, finance and legal professionals as well as the SBA’s Pacific Northwest regional administrator. Speakers answered questions about loan eligibility, repayment and “forgiveness,” the Paycheck Protection Program and Economic Injury Disaster Loan program application processes, as well as potential federal and state tax liabilities.
This presentation is intended for Oregon vineyard and winery owners to obtain an in-depth understanding of the CARES Act and the various Small Business Administration (SBA) loan programs available to winery and vineyard owners including eligibility requirements, application processes and longer term business implications.
- Martin Golden, Northwest district director for the Small Business Administration
- Jeff Clark, senior loan officer at Live Oak Bank
- Nick Shepherd, partner at Irvine & Co. CPAs
- Mark Freund, managing director and team lead of First Republic’s Business Banking Team
Representatives from the OWB Finance Committee, the Oregon Winegrowers Association and law firm Davis Wright Tremaine were also on hand to answer questions