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Update: Impact of accepting PPP agent fees on independence

Apr 13, 2020 · 2 min read

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Accepting an “agent fee” for advisory services under the Paycheck Protection Program (PPP) of the CARES Act does not in and of itself impair independence

The intent of Congress, Treasury and the SBA was to create simplicity for borrowers and inject much-needed funding into the economy as quickly as possible. Congress determined that using the SBA and lending institutions, which had mechanisms already in place, was the most effective means to achieve this goal. There was no intent to create

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