SBA Issues Safe Harbor for PPP Loans Under $2M
SBA Issues Safe Harbor for PPP Loans Under $2MThe Small Business Administration (SBA) has just released new guidance regarding the good-faith certification for Paycheck Protection Program (PPP) loans. This guidance, which was added as question #46 to the PPP FAQs, should come as welcome relief to many businesses that took out PPP loans and have struggled with the good-faith certification. The SBA states that PPP loans with original principal amounts less than $2 million (in combination with any affiliate loans) will be...
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