Law Bulletin | May 13, 2020
New Guidance for PPP Loan Holders Concerned About the Certification of Necessity In our May 1, 2020 Bulletin, we reported on the Small Business Administration’s increased scrutiny of Paycheck Protection Program (“PPP”) borrowers’ certifications that their PPP loans were “necessary,” and Treasury Secretary Mnuchin’s announcement that the SBA will audit every loan over $2 million. […]