New Improved Paycheck Protection Program Guidance from SBA/Treasury

April 7, 2020 / Comments Off on New Improved Paycheck Protection Program Guidance from SBA/Treasury

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Yesterday, the government put out additional guidance instructing financial institutions on how to review and process PPP loan applications. It’s worth a read if you are filling out your own application, but mainly gives banks cover to rely on borrower attestations of accuracy and not do a slow due-diligence process.