PPP Borrowers BEWARE! - Increasingly the Small Business Administration (“SBA”) sends Paycheck Protection Program (“PPP”) loan borrowers FINAL SBA LOAN REVIEW DECISION letters..
Update: On January 27, 2022, the Small Business Administration (“SBA”) issued SBA Procedural Notice 5000-82766, SBA Loan Reviews of Paycheck Protection Program Lender Partial Approval.
A significant number of PPP recipients have applied for or will be applying for forgiveness of their PPP loans and, unfortunately, some of those recipients have received or will be receiving some form of adverse final determination from the SBA regarding forgiveness.
A significant number of PPP recipients have applied for or will be applying for forgiveness of their PPP loans and, unfortunately, some of those recipients have received or will be receiving some form of adverse final determination from the SBA regarding forgiveness.
In 2022, there will inevitably be an uptick in the number of appeals of Small Business Administration (SBA) loan decisions in the Paycheck Protection Program (PPP) context. This is due.