The Paycheck Protection Program (PPP) provides a glimmer of hope to small businesses struggling to survive the COVID-19 pandemic, providing hundreds of billions in funding to assist small businesses impacted by the pandemic. The U.S. Small Business Administration (SBA) loan programs, including the PPP under the CARES Act, are only available to qualifying businesses that strictly comply with complex rules related to the size of the business, including its employee count, financial condition, affiliations, control and ownership, and industry classifications. Businesses that reflexively jumped at the SBA money grab without discipline or compliance are at risk of aggressive government enforcement that will surely follow.

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