Compliance in this case won't be that big of a deal. The fact of the matter is it will be relatively simple for a small business to show that the money from the program has been a benefit to them. The way the SBA program works is the intermediary lender is required to gather all the necessary documents for submission to the SBA.
The sheer quantity of loans is the only bottleneck. Even that would probably be add minor stress to their system. A regular loan can take a week to two weeks to process when things are running smoothly. Most of that time is the loan sitting in a queue waiting to be processed. The actual enforcement requirements will be relatively unchanged compared to regular loans.
From my understanding the actual compliance of whether the loan will be forgiven or not is straightforward and probably wont need to be enforced until a few months down the road. If it does not comply, the company will pay back in full.
The sheer quantity of loans is the only bottleneck. Even that would probably be add minor stress to their system. A regular loan can take a week to two weeks to process when things are running smoothly. Most of that time is the loan sitting in a queue waiting to be processed. The actual enforcement requirements will be relatively unchanged compared to regular loans.
From my understanding the actual compliance of whether the loan will be forgiven or not is straightforward and probably wont need to be enforced until a few months down the road. If it does not comply, the company will pay back in full.