"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.
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