PPP Borrowers Should Act Fast, Expect Scrutiny

The SBA is doing more vetting for potential fraud.

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The American Institute of CPAs (AICPA) is urging firms to move swiftly to collect key information from clients looking to secure a Paycheck Protection Program (PPP) loan—information such as average monthly payroll amounts, quarterly revenue comparisons for second-draw borrowers, and other required documents to accelerate the process.

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