To finalize its decision, the lender is required to notify the SBA and the borrower of what was decided
To finalize its decision, the lender is required to notify the SBA and the borrower of what was decided For second-draw loans only, verify that the supporting documentation reconciles to the borrower’s revenue reduction calculation. (The SBA’s requirements for second-draw PPP loans likely will not come due until this summer at the earliest.) Lenders have […]
