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From TowTimes.com - Safe Harbor for PPE Loans Less Than 2 Million


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The U.S. Treasury and Small Business Administration have issued a clarification that business owners who borrowed less than 2 million from the Paycheck Protection Program will be considered to have made the certification in good faith and won’t face additional scrutiny.


The “safe harbor” has been established to alleviate borrowers’ concerns that they will be penalized for taking a loan.


The clarification was made in question 46 of the Treasury Department website’s Frequently Asked Questions regarding the Paycheck Protection Program.


Click here to reach the site.



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