New PPP Loan Insurance Covers Food Service Establishments if the SBA Later Finds They Were Ineligible for the PPP Loan Program
Modern Restaurant Management
JULY 28, 2020
Consider PPP loan insurance to cover damages, legal fees and fines if the SBA determines that your business was ineligible for the loan. Restaurants and other hospitality businesses took in more than $42 billion in U.S. The SBA has said that it will audit PPP recipients to ensure these three requirements were met.
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