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On July 29, the Small Business Administration (SBA) formally announced that it is “discontinuing” the “Loan Necessity Questionnaire” that long burdened all applications for the forgiveness of Paycheck Protection Program (PPP) loans of over $2M. In response to a “Frequently Asked Question” that SBA has just posted on its web site, the agency explains that it has “received 61 comments from members of the public” on the form and that “the majority of the comments raised objections” its use. Click here to read the updated FAQs.