Government Adds FAQ Demanding Repayment of Paycheck Protection Program Loans from Companies with "Adequate Sources of Liquidity"

On April 23, 2020, Treasury drastically complicated the landscape for the Paycheck Protection Program (PPP) by updating a Frequently Asked Questions document with a response to the question: “Do businesses owned by large companies with adequate sources of liquidity to support the business’s ongoing operations qualify for a PPP loan?”