This episode contains a discussion between Steven Young, financial advisor on the Young Business Transition Consulting team, and James Jack, head of the UBS Business Owners Client Segment. The topic is the current status of the Payroll Protection Program and considerations for applying for PPP forgiveness. This presentation is for informational and educational purposes only and should not be relied upon as investment advice or the basis for making any investment decisions. As a firm providing wealth management services to clients, UBS Financial Services Inc. offers investment advisory services in its capacity as an SEC-registered investment adviser and brokerage services in its capacity as an SEC-registered broker-dealer. Investment advisory services and brokerage services are separate and distinct, differ in material ways and are governed by different laws and separate arrangements. It is important that clients understand the ways in which we conduct business, that they carefully read the agreements and disclosures that we provide to them about the products or services we offer. For more information, please review the PDF document at ubs.com/relationshipsummary. UBS Financial Services Inc. is a subsidiary of UBS AG. Member FINRA/SIPC.