As government investigations of PPP loans begin, many business-owners who received loans are now ... [+] worried about whether they were truly eligible. How do you recommend a company (“company” refers also to nonprofits) think through whether to repay the Paycheck Protection Program (PPP) loan by May 14? Do your recommendations change based on whether the company is a public company, large private company, or a “smaller” small business? Sham companies set up to receive PPP loan funds are obviously among the most at risk for government investigation. PPP loan recipients may face scrutiny from a variety of oversight bodies looking to ensure PPP loan funds were properly obtained and properly used.

Source: Forbes May 11, 2020 22:30 UTC