SBA Provides Limited Safe Harbor on Paycheck Protection Loan Certification
May 14, 2020
On May 13, 2020 the Small Business Administration (SBA) published an additional FAQ on the Paycheck Protection Program Loans (PPP), providing comfort to hundreds of small businesses, nonprofits, and sole proprietors who had received PPP loans but may have been considering returning them by today's May 14 deadline.
Further update: In new FAQ #47, the SBA has now extended the safe harbor deadline for returning PPP loan funds from May 14 to May 18.