August 24, 2023
February 23, 2021
CLIENT ALERT: The SBA’s Loan Necessity Questionnaire Raises Concerns for Borrowers
In late October and early November 2020, the SBA began distributing to lenders SBA Form 3509[1] and 3510[2] (the “Loan Necessity Questionnaire”) to collect supplemental information for its review of loan forgiveness applications, in particular the certification that the borrower made as part of its loan application that economic uncertainty…