How Startups Can Apply for Paycheck Protection Loans

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On Apr 2, the SBA told banks that borrowers, not a banks themselves, were obliged for reckoning out if dual companies were affiliated. Without this guidance, banks would have to go by all of a company’s authorised papers and make a visualisation about affiliation. Then they’d have to wish a SBA’s visualisation eventually matched theirs. If a SBA did not agree, a bank could remove a supervision pledge on a loan.

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