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Corporate Tax Return Prep

Corporate Tax Return Prep

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SBA

SBA Questioning PPP Borrowers with Loans Over $2 Million

December 30, 2020 by Alex Franch, BS EA

When Congress initially authorized the Paycheck Protection Program, its intent was to provide loans that would be partially or completely forgiven if used for the intended purposes of helping businesses affected by COVID-19 stay afloat and to help those businesses maintain payroll. As part of the Small Business Administration’s (SBA’s) loan application, Form 2483 or […]

Filed Under: pandemic, small business Tagged With: Paycheck Protection Program, PPP, SBA, small business association

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