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SBA Plans Audits for Some PPP Loans: What Businesses Need to Know

July 30, 2021 | Blog, COVID-19 Strategy Hub | Bert Mills, CPA; Andy Starnes, CPA; and Chris Arnone, CPA

Businesses that have received loans under the Paycheck Protection Program (PPP) should be aware of the possibility that they’ll be audited by the U.S. Small Business Administration’s (SBA) Office of Inspector General, with support from the IRS and other federal... continue reading »

Alert: SBA Eliminates Previously Required PPP Loan Necessity Questionnaire

July 29, 2021 | Blog, COVID-19 Strategy Hub | Bert Mills, CPA; Andy Starnes, CPA; and Chris Arnone, CPA

The U.S. Small Business Administration (SBA) announced on July 9, 2021, that it would no longer require the Paycheck Protection Program (PPP) Loan Necessity Questionnaire, or SBA Forms 3509 (for-profit) and 3510 (non-profit), for PPP loans in excess of $2 million.... continue reading »

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