![]() What about those who have declared bankruptcy? Borrowers that received a PPP loan prior to December 27, 2020, must fill out the Borrower’s Disclosure Form of Certain Controlling Interests and submit it to the PPP Lender. ![]() Importantly, even Borrowers who received their First Draw Loans prior to December 27, 2020, will now be required to disclose to the SBA if they fell into any of the new prohibited categories at the time the Borrower submitted its original First Draw Loan Application. The President, Vice President, head of an Executive Department, or member of Congress or spouse of such person directly or indirectly holding a controlling interest in a business.An entity that was not in business on February 15, 2020. ![]()
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