U.S. Says It Will Trust Small Business Owners When They Say They Need Loans

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In an effort to ease small-business owners’ fears that their PPP loans won’t be forgiven, the U.S. says it will trust owners when they say they need money

WASHINGTON—The Trump administration says it will presume borrowers have met the certification requirements for forgivable small-business loans under $2 million in the Paycheck Protection Program, in a move aimed at easing borrower fears that their loans won’t be forgiven.

The “safe harbor” announcement from the Small Business Administration Wednesday followed concerns by business owners’ about running afoul of the program’s rules, which have changed since the PPP opened for applications.

 

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Why should they be forgiven? Does money grow on trees? ... The government doesn't have money to give.

Woah woah woah...trust but verify. If I have to submit paperwork WEEKLY to file for unemployment, their small-business asses need to do the same.

Biz owners - Proceed with caution, document everything. This is far from over.

GET IT IN WRITING!

That did not work out well in Germany. Radical islamists picked up their share. Just saying.

Small woman owned business 8 employees still waiting.

🇹🇷🇹🇷🇹🇷 come on Turkish Stock Marketing ( Bist100 / Xu100 )

So u know how there were WWII movies-DO NOT MAKE ANY movies of this pandemic NO!&no fall shows (if we get them)of this COVID19 &NO PPL WEARING MASKS! NO! film & tv R OUR ESCAPISM! Leave it at that!! CoronavirusOutbreak

'small business' 🙄 Small business my azz.

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