SBA Guidance on Borrower Certification for PPP Loans (Updated)
Published: April 30, 2020
If your business received a Paycheck Protection Program (PPP) loan, now may be a good time to look at the new guidance from the Small Business Administration (SBA) to see whether the business should consider returning the money if the business did not really “need” it. If, after considering the guidance, the business determines it does indeed need the loan, the business should ensure it has documentation demonstrating such need.