New Paycheck Protection Program (PPP) Loan Guidance Will Help Business Owners and Buyers

News

New Paycheck Protection Program (PPP) loan guidance should provide relief to business owners currently selling, business buyers, and business brokers with prospective clients with a PPP loan.

Good news for PPP Loans under $50,000: To be forgiven by the lender; not sent to SBA.

The SBA has deemed PPP loans under $50,000 obtained by businesses with at least one employee, even if the owner, to be de minimis – “too trivial or minor to merit consideration” by the SBA.

Read more about this here.

Mike Janis
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