SBA Gathering Info on "Economic Uncertainty": What Form 3509 May Mean for Borrowers in the Paycheck Protection Program
By EsqSocial Corporation 03/11/20
The U.S. Small Business Administration (“SBA”) recently released additional details relevant to those participating in the Paycheck Protection Program (“PPP”). In particular, on October 26, 2020, the SBA posted a notice seeking comment regarding drafts or revisions of various forms to be used by the agency in reviewing both loan and forgiveness applications from the PPP. Although these forms will have an effect on many borrowers, they are particularly relevant – and potentially problematic –...
By: Rosenberg Martin Greenberg LLP