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SBA: Borrowers Must Recognize CARES Act Loan Subsidies As Income

SBA: Borrowers Must Recognize CARES Act Loan Subsidies As Income

Dec 11, 2020 | Firm Overview Articles, Business & Corporate Law News

Key Highlights: SBA requires borrowers to recognize, as income, any loan payments made on behalf of a borrower by the SBA. SBA requires lenders to complete and send the necessary IRS forms to such borrowers. As part of the CARES Act, the Small Business Administration...

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Phone: 402-341-6000
Fax: 402-341-8290

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The attorneys of Fraser Stryker PC LLO provide legal advice and representation to clients throughout the United States and internationally.

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