Have You Heard That The SBA Has Provided a Safe Harbor for PPP Loans That Were Under $2 Million?
Calling all business owners! If you have received Paycheck Protection Program or PPP funds less than $2 million, this is the blog for you. Our CPA firm in Mid-MO wants to do our best to keep you as updated as possible on information that pertains to you that the Treasury announces. As you know by now, things are changing constantly throughout this COVID-19 pandemic and our Central MO CPA firm is here to help you stay on top of that information. Keep reading this week's blog to learn more about how the SBA is now providing a safe harbor for PPP loans under $2 million. The Treasury recently released the following information in a sequence of frequently asked questions: Source: https://home.treasury.gov/system/files/136/Paycheck-Protection-Program-Frequently-Asked-Questions.pdf 46. Question: How will SBA review borrowers’ required good-faith certification concerning the necessity of their loan request? Answer: When submitting a PPP application, all bo...