May 15, 2020

SBA Releases Updated FAQ on Paycheck Protection Program Updates Focus On Good-Faith Certification; Repayment Date

The Small Business Administration (SBA) released an update on their frequently asked questions document on the Paycheck Protection Program.

The FAQ added questions #46 and #47 which outlines how the SBA will review borrowers’ required good-faith certification concerning the necessity of their loan request. The repayment date has also been extended to May 18.

The full FAQ document can be found here.

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by Brooke Fishel, Director of Labor Relations