SBA PPP Loan Borrowers Be Warned: “No Free Pass”After SBA FAQ Issued

SBA PPP Loan Borrowers Be Warned: “No Free Pass”After SBA FAQ Issued

Seek advice for questionable PPP Loan “good-faith certification”

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Just hours after the Small Business Administration issued its May 13, 2020 revision of frequently asked questions (FAQ) about the Paycheck Protection Program, experts started weighing in on question 46, “How will SBA review borrowers’ required good-faith certification concerning the necessity of their loan request?”

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