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Weekly Update for Government Contractors and Commercial Businesses – February 2021 #4 | PilieroMazza PLLC


On February 10, 2021, the Small Business Administration (SBA) announced new policy changes to the Paycheck Protection Program (PPP) meant to address an ongoing issue loan applicants face regarding validation error codes. These error codes serve as validation checks to combat fraud and prevent improper loans from being issued to ineligible businesses. However, many eligible businesses have received such error codes during the application and forgiveness process, delaying necessary economic relief.
SBA’s new changes grant additional authorities to lenders for borrowers experiencing validation error code challenges. Read more here.
The First 100 Days: President Biden’s Buy American Executive Order, What Government Contractors Need to Know, February 11, 2021, Jackie Unger and Anna Sullivan ....

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