The Small Business Administration has announced that the Paycheck Protection Program Loan (PPP loan) Necessity Questionnaire is no longer required for loans of $2 million or more. These Necessity Questionnaires were first announced in November of 2020 and only applied to loans greater than $2 million.

Even though the Questionnaires are no longer required, it’s still important to keep all relevant documentation related to your PPP loan.

DGC has a proven process that utilizes our sophisticated model and incorporates our data analytics experience and accounting expertise to maximize PPP loan forgiveness. If you have questions, please contact a member of your DGC client service team or George Shaw, CPA at 781-937-5125 / gshaw@dgccpa.com or Kimberley Train, CPA, ABV at 781-937-5112 / ktrain@dgccpa.com.

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