Following public controversy related to several large national businesses receiving multimillion PPP loans, the Small Business Administration will now audit certain multimillion-dollar loans. Borrowers who are private companies with adequate sources of liquidity to support ongoing operation may not qualify for the PPP loan, says Benjamin Vance, a director for Postlethwaite & Netterville Consulting Services
Want that PPP loan forgiven? Accounting tips you need to know
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