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Sheila is a highly regarded practitioner in appellate law, civil litigation and government law. She represents individuals, businesses and nonprofits in …See more
What about trying to sell or lease assets, such as the parking lot outback or one of the restaurant’s two pizza ovens? Does an owner of the borrower need to liquidate his or her 401(k) in order to try to make the borrower’s payroll? And, if a small business did not go to these extremes before signing a PPP loan application, should it give the loan proceeds back?
A:
The answer really isn’t clear. (And, obviously, some of the questions above makes the standard seem absurd.) Moreover, it certainly does not help...
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