Main Street Practitioner Blog

SBA issues new guidance for small business loans. Applies pressure to return funds.

By NSA Editor posted 04-30-2020 01:14 PM

  
On April 23, the Small Business Administration (SBA) issued new guidance intended to prevent larger publicly traded companies from accessing the next round of Paycheck Protection Program (PPP) funding intended for small business relief. The new SBA guidelines require that companies applying for relief certify that the loans are necessary and that they cannot tap other sources of funding.

Read the full story here:
CARES_Act_Article_4-23-2020_I.pdf
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