Hunton Andrews Kurth LLP
  April 29, 2020 - Virginia

Odds and Ends Regarding the Paycheck Protection Program
  by Peter G. Weinstock, Patrick Boot, Caitlin A. Sawyer, Dean Elazab




Footnotes:

1 US Treasury Secretary Steven T. Mnuchin and US Small Business Administrator Jovita Carranza issued the following statement: On April 28, 2020, SBA to further ensure PPP loans are limited to eligible borrowers. The SBA has decided, in consultation with the Department of the Treasury, that it will review all loans in excess of $2 million, in addition to other loans as appropriate, following the lender’s submission of the borrower’s loan forgiveness application. Regulatory guidance implementing this procedure will be forthcoming.




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