Small Business Administration headquarters building entrance Small Business Administration headquarters building entrance (Image: Shutterstock).

The Small Business Administration failed to inform Paycheck Protection Program borrowers that they would not have a portion of their loan forgiven if they also received an economic injury loan advance from the administration — an omission that has caused shock among PPP borrowers, financial trade groups charged Monday.

Continue Reading for Free

Register and gain access to:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.