ACG San Diego Virtual BrownBag | Navigating PPP & EIDL Loans in M&A Deals & Employee Retention Credits

ACG San Diego VIRTUAL BrownBag | M&A Deals – How They Move in Uncertain Times

Event Details


February 16, 2021 11 AM - 12 PM PST

Location Name
ACG San Diego - Zoom
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Join us to discuss strategies to deal with PPP and/or EIDL loans in an M&A transaction. The panelists will address questions regarding:

  • The effect of a transaction on PPP eligibility
  • Areas of focus for a buyer in evaluating a target borrower’s compliance with PPP/EIDL loan terms
  • Practical considerations for how to treat an outstanding PPP/EIDL loan balance in a transaction
  • Issues regarding PPP loan forgiveness arising from a transaction

While PPP loans have received a lot of attention, Employee Retention Credits (ERCs) have not. In the second COVID-19 stimulus, the rules have been loosened. This new law now allows businesses who received a PPP loan to ALSO obtain ERCs. Learn about:

  • The new criteria used to determine qualification
  • How to calculate the amount of money at stake for your business (or your client’s business)
  • Issues to avoid when applying for both a PPP and ERCs

Help us stump the experts and get your questions answered. Great information for for Business Owners and C-Level Executives, as well as Advisors working with business owners.

Join us for complimentary Networking Breakout Session on Zoom Meeting to follow Webinar. (URL link will be provided via email and at end of webinar.)


  • Ryan Barncastle – Partner, Barnes & Thornburg
  • Greg Elias – Founder, Partner, Think LLP
  • Michael Head – CFO/Controller Consultant, NOW CFO
  • Lee Kolodny – Partner, Barnes & Thornburg
  • David Worner – Partner, NOW CFO


  • ACG Members: $0
  • ACGSD Sponsors: $0
  • ACG Guests: $25 
  • Non-Members: $25 

You will receive a confirmation email with Zoom dial-in information.

For more BrownBag Info


  • Contact Executive Director Judy Susser-Travis, CMP, CMM at or 619-741-7247.

Please Note: Your registration for this event acts as an audio/video release and includes your permission for ACG San Diego to use your image and comments captured on audio, video or photographic formats while attending the event for marketing and promotional purposes. For further information please contact: Judy Susser-Travis - ACG San Diego Executive Director @ or 619 741 7247.



Ryan Barncastle – Partner, Barnes & Thornburg

Ryan is a business transactional attorney with significant experience in several legal disciplines, including corporate, real estate, securities and private equity. As a dedicated, results-oriented transactional attorney who is valued for his business sense, high net worth clients rely on Ryan's counsel in connection with investment structure and strategy, wealth preservation, risk management, business planning and related issues. His corporate practice includes private equity transactions, strategic organizational structuring, debt financings, securities offerings, mergers and acquisitions, divestitures, venture capital investments, asset purchases, joint venture arrangements and complex corporate deals. Ryan's diverse client base reflects his ability to assist entrepreneurs and visionaries across a multitude of industries. Ryan’s corporate and real estate experience help him to provide clients with a balanced and unique perspective on virtually all aspects of business planning.


Greg Elias – Founder, Partner, Think LLP

Greg is founder partner with Think, LLP, a national specialty tax consulting firm with 30+ years of experience. He teams with CPAs and their clients to bring value in the following areas: R&D Tax Credit Studies, Employee Retention Credits, IC-DISC (Federal Export Tax Incentive), Cost Segregation Studies, Post-Wayfair Sales & Use Tax Consulting/Compliance and other state credits and incentives. Greg is a Certified Public Accountant licensed in the State of California.

Michael Head

Michael Head – CFO/Controller Consultant, NowCFO

Michael has been a CFO/Controller Consultant with NOW CFO for almost 4 years. His clients range from pre-revenue to hundreds of millions annually, from 1 employee up to 100, startups to 10+ years; with industry expertise in manufacturing, SaaS, life sciences, consumer products, and hospitality. Prior to NOW CFO Michael was a Big4 Auditor, and served in Corporate Accounting positions from Reporting and FP&A positions through Controller and Director of Finance; within large publicly traded companies as well as a small private company through an IPO process.


Lee Kolodny - Partner, Barnes & Thornburg

Lee has more than two decades of experience providing comprehensive legal advice to businesses involved in complex domestic and international transactions. As an corporate attorney and general business counselor Lee advises on mergers and acquisitions, finance, joint ventures, strategic alliances and partnerships, securities, and cross-border transactions. Lee has been involved in deals that span a wide range of industry sectors, such as media and entertainment, technology, consumer products, manufacturing, gaming, tribal finance and development projects, resorts and hospitality, motor sports, apparel, renewable energy development projects, event promotion and live events. Experience, creativity and a multidimensional understanding of his client’s financial drivers and overall objectives are at the core of Lee’s business law practice. Notably, his seemingly natural ability to get along with and synthesize the many different personalities and agendas involved in a transaction allows for the requisite synergy needed to keep the deal on track.

David Worner

David Worner - Partner, NOW CFO (Moderator)

David Worner is a Partner with NOW CFO and has managed the San Diego practice since 2012. Under his leadership, the San Diego practice focuses on providing Outsourced Accounting services, M&A/IPO/Audit readiness services and Capital Advisory services. Prior to NOW CFO, he previously worked in both public and private companies and started his career in public accounting. David graduated from the University of New Orleans with a Bachelors in Accounting. He is Chairman of the Supervisory Committee for the San Diego County Credit Union and sits on the Board for San Diego Chapter of Entrepreneurs’ Organization.

Hosted by: ACG
San Diego