Eli's Hospice Insider
Here’s How To Deal With PPP Loan Forgiveness Denials
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While you’re likely familiar with the Medicare claims appeal process, you may need to get to know a whole new kind of appeal — the one for CARES Act PPP loans. “Now that organizations have submitted forgiveness requests for Paycheck Protection Program (PPP) loans and the U.S. Small Business Administration (SBA) has speeded up the review process, some borrowers may be surprised to be denied full or partial forgiveness,” says CPA and advisory firm BKD. “The SBA’s Office of Hearings and Appeals (OHA) allows PPP loan borrowers to appeal certain SBA loan review decisions. An OHA appeal lets borrowers fight an SBA loan review decision and either affirms, reverses, or remands the original decision,” BKD explains in an article on the topic. Important: “A borrower can submit an OHA appeal only if the SBA” — not the lender — “has issued a loan review decision,” says BKD’s Ann Coughlin in the article. “A borrower can ... request that the SBA review the lender’s decision, but a review is not guaranteed,” Coughlin adds. See more details in the three-page article at www.bkd.com/media/ppp-appeals-what-you-need-know.
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