July 2021
When the Paycheck Protection Program became a part of the aid offered to businesses during the COVID-19 pandemic, there were significant requirements that were made on borrowers. One of these were the Loan Necessity Questionnaires, Forms 3509 and 3510, which required significant information to be able to justify your company's need for assistance from this program. However, a recent change by the U.S. Small Business Administration means that these forms will no longer be required by lenders from their borrowers. But how will this impact how the rest of the process works?
