You need to use the Paycheck Protection Program loan for any other expenses that are business-related

You need to use the Paycheck Protection Program loan for any other expenses that are business-related

YES. a debtor must approve in the Borrower application so it is entitled to be given a PPP loan and that the official official certification implies that the debtor is a small company concern|business that is small} as defined in area 3 regarding the small company Act, satisfies the relevant SBA employee-based or revenue-based size standard, or satisfies the tests in SBA’s alternative size standard, after using the affiliation guidelines, if relevant. The SBA’s existing affiliation exclusions connect with the PPP, including, as an example, the exclusions under. Are loan providers needed to make an separate dedication about the applicability of affiliation guidelines under 13 CFR 121.301(f) to borrowers?