Much (Illinois): U.S. Treasury and SBA Issue Additional Guidance and Clarification on PPP “Good-Faith Certification”

On May 13, 2020, the U.S. Treasury and Small Business Administration (SBA) issued guidance in the form of an additional FAQ. The guidance, outlined in FAQ 46, provides clarity on how the SBA intends to review each borrower’s good-faith certification (more fully discussed in FAQs 31, 37, 43 and 47). MORE.