The Small Business Administration (SBA) has given Paycheck Protection Program (PPP) borrowers until May 14, 2020 to repay the loans if they cannot certify in good faith that the funds are “necessary to support ongoing operations.”
This has put the onus on borrowers to determine their own eligibility for PPP loans and document their need for the relief.
Since much of this decision was be based on legal issues, Grassi arranged this emergency video session with Matthew E. Rappaport, Esq., LL.M. of Falcon Rappaport & Berkman PLLC to guide you through the issues and strategies you should consider when documenting your need for PPP loan funds.
Tune in to this session with our Emergency Loan Consultants to hear up-to-the minute guidance on this important decision and compliance requirement.