Last week, the Small Business Administration (SBA) began asking SBA Paycheck Protection Program (PPP) lenders to issue over 50,000 loan necessity questionnaires to borrowers that received $2 million or more in funds from the...more
On May 15, 2020, the Small Business Administration (SBA) released much-anticipated guidance for the Paycheck Protection Program (PPP) loan forgiveness provisions. Until May 15, many borrowers were relying solely on the...more
As part of its ongoing effort to provide guidance on how the Paycheck Protection Program (“PPP”) is supposed to work, the Small Business Administration (“SBA”) has been issuing “Frequently Asked Questions” or “FAQs.” While...more