On May 3, May 5, and May 6, 2020, the Small Business Administration updated their Frequently Asked Questions (FAQs) on the Paycheck Protection Program (PPP) loans. Specifically, questions 40 - 45 were added this week covering topics like Employee Retention Credit, SBA’s affiliation rules, certification on the Borrower Application Form, seasonal employers, and loan forgiveness.

The updated FAQ can be found here.

Adam Witmer

Adam Witmer is a speaker, author, and founder of the Compliance Cohort. Adam has taught hundreds of seminars and training sessions to thousands of bankers throughout the United States and teaches on all areas of regulatory compliance. Adam has written five e-books that he never published, hit a grizzly bear while driving in a National Park, and is an award winning photographer and musician (though he no longer takes photos nor plays any instruments). In his spare time, Adam can be found kayaking on the lake, doing taekwondo with his kids, working on his (project) house, or spending time with his family.

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