What Lenders Need To Know To Obtain SBA Guaranty Payment On Defaulted PPP Loans

The Payroll Protection Program (“PPP”) was created by Congress through the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) to loan money to certain businesses for the primary purpose of providing money to fund payroll expenses, and other eligible expenses. If the PPP loan funds are used for designated purposes, all or some of the PPP loan will be forgiven......
By: Fox Rothschild LLP

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