Watch as the AICPA’s vice president for Firm Services, Lisa Simpson, CPA, CGMA, testifies before the U.S. House of Representatives Committee on Small Business. Simpson raises numerous concerns with the program, including:
Extending the application deadline by at least 60 days
Application validation errors and hold codes that are difficult to decipher and resolve
Delayed SBA guidance
Changes in the maximum loan amount for Schedule C filers
In response to a question, Simpson commented that the problems lenders and borrowers