Job Creators Network Praises the Administration’s “Good Faith” Certification for Concerned Small Businesses
Washington, D.C. (May 13, 2020) – Today, the Small Business Administration (SBA), in consultation with the Department of the Treasury, released guidance for borrowers and lenders concerning the Paycheck Protection Program (PPP). This includes new information on how the SBA will review PPP loans under $2 million.
“The Paycheck Protection Program has been a lifeline for America’s small businesses. The Treasury department’s guidance today, gives a safe harbor to small businesses who borrowed less than $2 million concerned about whether their loan will be forgiven. Every small business has been affected by the pandemic, so it’s helpful that small business owners won’t have to jump through mounds of red-tape and paperwork to prove what is obvious. America’s small business owners have enough to worry about. We appreciate the Administration’s assistance on this issue.”