The SBA has issued a Loan Necessity Questionnaire for Paycheck Protection Plan borrowers with an original principal amount of $2 million or more. This form is to facilitate the collection of supplemental information that the SBA loan reviewers will use to evaluate the good-faith certification that borrowers made on the initial application for the loan that economic uncertainty made the loan necessary.
The borrower is required to complete the questionnaire and return to the lender within 10 days of receipt, along with supporting documents. While the form will be distributed by the lender, you may also download a copy of the fillable form here.
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