Over the course of the last week, the Small Business Administration (SBA) has reportedly begun quietly questioning borrowers who had received Paycheck Protection Program (PPP) loans about the “necessity” of their loans. On...more
11/5/2020
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Borrowers ,
CARES Act ,
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Coronavirus/COVID-19 ,
Federal Register ,
For-Profit Corporations ,
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Paycheck Protection Program (PPP) ,
Questionnaires ,
SBA ,
Small Business ,
Supporting Documentation
Borrowers that, together with their affiliates, received Paycheck Protection Program (PPP) loans in an aggregate amount less than $2 million will be deemed to have made their certification that the loan was “necessary” in...more