Enhanced Transparency of PPP Loan Recipients
Posted on July 13, 2020
Additional Data Disclosed to Enhance Transparency of PPP Loan Recipients
On June 19, 2020, the Small Business Administration (SBA) and the U.S. Department of the Treasury announced their agreement to disclose additional data regarding the Paycheck Protection Program (PPP). The Program sparked many questions including a debate between the balance of transparency of PPP loan recipients versus privacy and protection of businesses. This announcement of enhanced transparency is intended to strike a balance between transparency and privacy.
We know things are hectic but remember to lean on your advisors (counsel, accountant) for insights they have, as many of these decisions in normal times are made infrequently.
We are here to answer your questions and assist in any way we can. We will be providing additional insights and updates as we move through this period of uncertainty.
Matt Austin Scott Zickefoose
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