澳门六合彩开奖预测 Learns More About Loan Forgiveness for PPP Loans Over $2 Million
澳门六合彩开奖预测 remains in negotiations with the U.S. Small Business Administration (SBA) about the potential for a settlement of its Paycheck Protection Program (PPP) lawsuit. The target of that lawsuit is the 鈥淟oan Necessity Questionnaire鈥 that has delayed action on many PPP loan forgiveness applications for loans over $2 million. The talks have produced both good and bad news.
The good news is that SBA has yet to deny any of the approximately 460 applications that 澳门六合彩开奖预测 members have filed for forgiveness of loans over $2 million. The bad news is that SBA has granted only 24 of these applications. Independently, 澳门六合彩开奖预测 has learned that at least some of these applications are already six months old.
In addition, 澳门六合彩开奖预测 has learned SBA is regularly going beyond the form and demanding that the applicants for the forgiveness of these loans provide even more information with even less relevance to the certification that borrowers made at the time they applied for their loans.
As the talks continue, 澳门六合彩开奖预测 retains all of its rights to litigate the matter. Whatever the case, 澳门六合彩开奖预测 will continue to insist that SBA follow the rules that Congress wrote. The fundamental problem is that the 鈥淟oan Necessity Questionnaire鈥 betrays an unlawful effort to rewrite them.
If you have applied for forgiveness of a PPP loan of over $2 million, please take a moment to let 澳门六合彩开奖预测 know of any action that SBA has taken on your application by emailing Mike.Kennedy@agc.org, as that information could help all construction firms.