On May 13th, the SBA and Treasury released a new FAQ #46 on PPP loans that will provide significant comfort to borrowers of smaller loans.  The FAQ states that SBA and Treasury have "determined that the following safe harbor will apply to SBA's review of PPP loans with respect" to the good faith certification that each PPP borrower must make that "current economic uncertainty makes this loan request necessary to support the ongoing operations of the Applicant."

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