Bankruptcy Disqualifies Parties From Access to PPP Loans
ABI
JANUARY 13, 2021
In response to the economic fallout of the global COVID-19 pandemic, Congress passed the CARES Act, a part of which made government-guaranteed loans available to qualified small businesses through the Paycheck Protection Program (“PPP”). [i] ii] The CARES Act does not contain such an exclusion. 706(2)(A) and (C).
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