July 23, 2020
My loan was for less than $2 million. Does that mean I will not get audited?
Posted by Armanino Financial Advisory Team
The $2 million Safe Harbor rule applied only to the certification of need for the loan at the time that you applied for the loan. That Safe Harbor rule does not apply to any review or audit that may be conducted on the use of funds during the Covered Period or subsequent forgiveness calculations.