The SBA Releases Two PPP Liquidity Questionnaires
By EsqSocial Corporation 02/11/20
As you may remember from a previous bulletin, the SBA has stated that it will audit all PPP borrowers, who together with a borrower’s “Affiliates” (as determined pursuant to SBA regulations), received PPP loans in excess of two million dollars. Part of the audit is to determine whether a borrower had the “ability to access other sources of liquidity sufficient to support their ongoing operations in a manner that is not significantly detrimental to their business”....
By: Benesch