PPP Loans – New Necessity Questionnaire
By EsqSocial Corporation 04/11/20
The Small Business Administration (“SBA”) has quietly rolled out new forms for Borrowers who received PPP loans in excess of $2 million. The SBA issued a notice in the Federal Register seeking approval of Forms 3509 and 3510 for for-profit and non-profit businesses, respectively, to be completed by PPP Borrowers who obtained loans in excess of $2 million and are seeking forgiveness. The SBA is submitting the forms to lenders after PPP forgiveness has been applied for....
By: McNees Wallace & Nurick LLC