How to Evaluate and Document Your Need for a PPP Loan
The U.S. Treasury has announced that all Paycheck Protection Program (PPP) borrowers must assess their economic need for a loan and must certify that “current economic uncertainty makes this loan request necessary to support the ongoing operations of the applicant.”
We’ve put together a document to help you assess and clearly document that you have evaluated your need in regard to applying for and accepting a PPP loan. Read through the factors, and answer the questions; doing so will help you document your individual facts, circumstances, and considerations at this time.
We hope you find this helpful.