On Friday evening, the Treasury Department released the Paycheck Protection Program Loan Forgiveness Application which contains instructions for borrowers on how to apply for forgiveness of their PPP loans. The Treasury Department also indicated that the SBA will soon be releasing regulations and guidance. The PPP Loan Forgiveness Application included many items which will help […]
Paycheck Protection Program Safe Harbor
Yesterday, the SBA issued additional guidance regarding the required good-faith certification concerning the necessity of PPP Loan requests. The guidance contained the following safe harbor: “Any borrower that, together with its affiliates, received PPP loans with an original principal amount of less than $2 million will be deemed to have made the required certification […]
