Friday, May 29, 2020

Public Companies Investigated for PPP Loans


The SEC is investigating public companies who took PPP loans to ensure that their PPP applications are consistent with their public filings.

Bloomberg News is reporting that the SEC has Th sent letters to some recipients of the forgivable loans seeking information about how the funds were spent and copies of loan applications

The news service reported that nearly 200 public companies received PPP funds at that level, but the SEC’s inquiry encompasses fewer than a dozen of those firms.

https://www.pymnts.com/loans/2020/sec-probing-public-firms-ppp-funds/

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