"Any loan received by the Applicant under Section 7(b)(2) of the Small Business Act between January 31, 2020 and April 3, 2020 was for a purpose other than paying payroll costs and other allowable uses loans under the Paycheck Protection Program Rule." We did not apply for or receive such a loan. But I fear if I don't check this box it is assuming I did, and that I used it for payroll, and my PPP loan will be denied. Does anybody know if I should or should not check this box, and what the ramifications are if I do it "wrong"?
BofA - It's a poorly worded question.
Join our small business community for expert insights, insider tips, and the industry knowledge you need to see your small business grow.Get Started Become A Member
Now that you’re a member of the community, spice up your profile by adding photos, a custom avatar, information about your small busines, and much more.View Profile
There are no recent discussions
Ways to Make Your Search More Accurate
Most of the time, you just want to find content that has a particular phrase. Here are the easiest ways to find the content you want.