The Trump administration is warning large, publicly traded companies to think twice before applying for small business rescue loans
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The SBA said borrowers that applied for a loan before the release of the new guidance and repay in full by May 7 will be "will be deemed by SBA to have made the required certification in good faith." Sen. Ben Cardin , the ranking member on the Senate Small Business Committee, applauded the move but said it wasn't enough.
"Initial reaction is this is not good enough and is not formal guidance," said a spokesperson for House Small Business Chairwoman Nydia Velazquez .
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