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
One of the most significant provisions in the recently passed federal CARES Act is the Paycheck Protection Program (PPP). It makes available $349 billion to qualifying small businesses for low-interest loans to cover up to...more