Much (Illinois): SBA Issues Guidance Regarding Certification of PPP Loan Necessity

UPDATE: Following FAQ 43 issued by the U.S. Treasury and SBA on May 5, 2020, this article has been updated to reflect May 14, 2020 as the safe harbor repayment date. The deadline was extended from May 7, 2020.

Following the news that public companies and well-funded private companies are obtaining Paycheck Protection Program (PPP) loans, on April 23, 2020, the Small Business Administration (SBA) issued guidance in the form of an additional FAQ. MORE.

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