In a series of FAQs issued last spring, the Small Business Administration (SBA) made clear that it would review the certification made by Paycheck Protection Program (PPP) borrowers of $2 million or more that “[c]urrent...more
11/9/2020
/ Audits ,
Borrowers ,
CARES Act ,
Certification Requirements ,
Coronavirus/COVID-19 ,
Federal Loans ,
Good Faith ,
Liquidity ,
Loan Repayment Issues ,
Paycheck Protection Program (PPP) ,
SBA ,
SBA Lending Programs
The Small Business Administration (SBA) released on June 16 two revised loan forgiveness applications (each, along with separate instructions, available here). Borrowers of a Paycheck Protection Program (PPP) loan must use...more
As part of both the CARES Act passed on March 27 and the Paycheck Protection Program and Health Care Enhancement Act passed on April 23, Congress provided funding to the Economic Injury Disaster Loan (EIDL) program and made...more