SBA Issues PPP Loan Guidance on Good-Faith Certification

There has been much discussion pertaining to the required good-faith certification necessary for the PPP loan request. This morning, May 13, the SBA issued additional guidance under their FAQ’s page on the SBA.gov website. Their guidance update provides a safe-harbor for loans for less than $2 million as having met the certification requirements. Below you will find an excerpt from the SBA website. For those with loans in excess of $2 million dollars, we suggest you contact your DHJJ CPA to discuss.

To read the full Paycheck Protection Program FAQ’s page on the SBA.gov website, click here

Excerpt from SBA.gov regarding safe harbor for ppp loans