The SBA uses an Environmental Questionnaire as the first step in screening for environmental risk, and many lenders have also adopted this approach. The SBA’s environmental policy, which has ...

The questionnaire requires the accurate disclosure of basic facts bearing on the Necessity Certification and will be used to evaluate and to screen PPP borrowers for further review before the SBA ...

The notice came in the form of a lender update July that stated SBA was withdrawing the use of the form “effective immediately.” “Loan Necessity Questionnaires that SBA has previously ...

The Small Business Administration (“SBA”) will require lenders to issue Loan Necessity Questionnaires to borrowers to collect information for the agency’s review of large Paycheck Protection ...

“If the SBA asks for supplemental information, it suspends all the dates,” she says. Filling out the questionnaire itself also takes more time and energy. The form asks for a litany of ...

Lenders and borrowers are objecting to a questionnaire many fear might lead to the Small Business Administration denying forgiveness for untold numbers of Paycheck Protection Program loans. The SBA ...

In a notice sent July 9, the SBA said it would no longer request either version of the Loan Necessity Questionnaire: SBA Form 3509 for for-profit borrowers and SBA Form 3510 for not-for-profit ...

Businesses and not-for-profits that received $2 million or more in Paycheck Protection Program (PPP) loans must complete one of two new loan necessity questionnaires being sent to lenders by the U.S.