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What Happens if You Accidentally Received Extra Money?

January 28, 2021

If you or your lender made an error, and you received more money than your nonprofit is actually eligible for, what happens to that portion of your PPP loan?  The Small Business Administration issued guidance regarding when a borrower receives a higher loan amount than permitted under the CARES Act or the Consolidated Appropriations Act.  Read this article to learn about what happens to that overage amount.

PPP Borrower Accidentally Receives more than Maximum Loan Amount
Category: Articles, COVID-19, Resources
Previous Post:Top Legal Risks for Nonprofits
Next Post:New PPP Forgiveness Forms

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