PPP Borrowers And False Certifications: Last Call For SBA Amnesty Under Safe Harbor
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The SBA issued a FAQ extending the due date to seek relief under the SBA’s safe harbor for borrowers who made incorrect certifications during the PPP loan process. The extension provides borrowers with an opportunity to repay proceeds by May 14, 2020 as part of a voluntary disclosure process whereby the SBA will deem the certification to have been made in good faith. In other words,…
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