United States: The Paycheck Protection Program: New SBA Questionnaires Require Borrowers Of $2 Million Or More To Provide Justification For Economic Necessity Of Loans - Akin Gump Strauss Hauer & Feld LLP
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On October 26, 2020, the SBA announced its intent to require a Necessity Questionnaire for borrowers that received PPP loans of $2 million or greater.
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