The Small Business Administration (SBA) recently released draft Form 3509, which is a Paycheck Protection Program (PPP) loan necessity questionnaire for for-profit borrowers. The form is still awaiting final approval from the Office of Management and Budget and is not yet available from the SBA. Therefore, it has not yet been officially released. If approved, Form 3509 would apply only to borrowers, who together with affiliates, received PPP loans of $2 million or greater. The purpose of the...
By: Berdon LLP
By: Berdon LLP