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乌鸦传媒 Continues to Press for Timely Forgiveness of PPP Loans

On May 10, 乌鸦传媒 filed a Freedom of Information Act request in response to SBA鈥檚 delayed decision-making process of the Paycheck Protection Program (PPP) loans as 乌鸦传媒 members report they have already waited many months for SBA to act on forgiveness applications for loans over $2 million. SBA continues to hide the difference in the time it requires to process applications for the forgiveness of loans over and under $2M. 乌鸦传媒 has learned that SBA has a third-party vendor playing an apparently significant but uncertain role in the processing these applications. While SBA has clarified that it will base its decisions on a 鈥渕ulti-factor analysis鈥 of the 鈥渢otality of [each] borrower鈥檚 circumstances,鈥 the agency has yet to publicly disclose the particulars of that analysis, such as the factors that it weighs, or how it weighs them. As 乌鸦传媒 waits for SBA鈥檚 response, the association will continue to talk to the agency about the potential for a settlement of its lawsuit filed last December.

乌鸦传媒