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Every PPP loan requires the borrower to make good faith certifications as to their eligibility to apply for a loan. This has been one of the most confusing and ever-changing components of the PPP loan program. While SBA has issued little specific guidance as to how it will conduct the review of PPP loans, borrowers should still prepare themselves for the SBA loan review based on the guidance that currently exists.
- Review existing guidance regarding good faith certification and eligibility for a PPP loan.
- Review preparedness and documentation strategies for SBA loan review.
- Provide answers to frequently asked questions regarding good faith certification and eligibility.
- Review existing guidance on the bank and SBA loan review process.