New SBA Safe Harbor Leaves ‘Necessity’ Ambiguity in PPP Loans
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A new $2 million SBA safe harbor for PPP loans appears to create a wide umbrella that substantially reduces the risk that adverse consequences will rain down and soak companies with loans in this category.
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Perkins Coie attorneys examine the May 13 guidance and say companies will continue to benefit from conducting a PPP "necessity" analysis. Click here to read the full article published by Bloomberg Law. Reproduced with permission. Published May 15, 2020. Copyright 2020 The Bureau of National Affairs, Inc. 800-372- 1033. For further use, please visit http://www.bna.com/copyright-permission-request/
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