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Day: November 2, 2020

SBA Releases Loan Necessity Questionnaire’s for Large Borrowers

By: Travis Miskowitz After many months of waiting and speculation, on Monday October 26th, 2020 the Small Business Administration issued a notice stating the intended release of two new forms available here relating to FAQ – questions #31, which describes each borrowers good faith certifications that current economic conditions made the PPP loan necessary to support ongoing business operations. While this guidance was not available at the time business could apply for the PPP loan...

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