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    0 Replies Latest reply on May 2, 2020 1:06 PM by b.still

    PPP Loan Documents - Attestation Question

    b.still Newbie

      "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.