7010 – PPP Borrowers Breathe A Great Sigh of Relief, which explains its provisions. Approval is considered to have occurred on the day the SBA assigned a loan number to the borrower. It is very predictable that further adjustments will occur in these rules, and that they will primarily be borrower friendly. As always, I welcome questions, comments and suggestions of our coverage on this and related topics at agassman@gassmanpa.com. Special thanks to Brandon Ketron and Kevin Cameron for helping me to understand and interpret these rules.

Source: Forbes June 08, 2020 23:26 UTC