Alert: Safe Harbor for Repayment of PPP Loan Extended to May 14

The SBA previously issued guidance that reminds borrowers to review carefully the required certification on the Borrower Application Form that “[c]urrent economic uncertainty makes this loan request necessary to support the ongoing operations of the Applicant”.

The SBA published question #43 on May 5, 2020, which extends the previous Safe Harbor date from May 7, 2020, to May 14, 2020.

Read the full alert here.