One day after the Associated General Contractors of America sued the U.S. Small Business Administration and Office of Management and Budget to prompt a language change in the questionnaire used to evaluate if applicants are eligible to have Paycheck Protection Program loans forgiven, SBA issued added guidance related to the document.
The agency said on Dec. 9 that in reviewing a company's good-faith certification that "economic uncertainty" made the PPP loan necessary to support the borrower's "continuing operations," it would look at the applicant's "individual circumstances."