--- title: "ASAE, Business Groups Raise Concerns About Small Business Loan Questionnaires" id: "51468" type: "post" slug: "asae-business-groups-raise-concerns-about-small-business-loan-questionnaires" published_at: "2020-11-24T21:02:55+00:00" modified_at: "2026-03-17T04:16:58+00:00" url: "https://associationsnow.com/2020/11/24/asae-business-groups-raise-concerns-about-small-business-loan-questionnaires/" markdown_url: "https://associationsnow.com/2020/11/24/asae-business-groups-raise-concerns-about-small-business-loan-questionnaires.md" excerpt: "The Small Business Administration's \"loan necessity\" questionnaires seek information beyond what was required on PPP loan applications and may be biased against borrowers, according to ASAE and other business groups." taxonomy_category: - "Advocacy" taxonomy_post_tag: - "Advocacy" - "AI" - "AssociationsNow" - "Business" taxonomy_content_format: - "Article" taxonomy_role: - "Association CEO / Executive Director" - "Executive Team" taxonomy_persona: - "Executive Leadership" --- [Home](https://associationsnow.com/) » [Articles](https://associationsnow.com/format/article/) » ASAE, Business Groups Raise Concerns About Small Business Loan Questionnaires ASAE joined a large coalition of business groups last week in calling on the Trump administration to temporarily suspend “loan necessity” questionnaires developed to scrutinize businesses that took emergency payroll loans during the pandemic. The Small Business Administration (SBA) has been circulating the new questionnaires to obtain information from businesses that took Paycheck Protection Program (PPP) loans of $2 million or more, and the coalition is concerned about questions that appear biased against borrowers. The nine-page questionnaires seek details from borrowers beyond what they provided in initial loan applications, including information on quarterly revenue, capital expenditures, dividend payments, and whether any employees earned more than $250,000. The [coalition letter (opens in a new tab)](https://www.thepowerofa.org/wp-content/uploads/2020/11/Loan-Necessity-Questionnaires-Borrower-Lender-Coalition-Letter-to-Congressional-Leadership.pdf) was signed by 80 groups, including ASAE, the U.S. Chamber of Commerce, NFIB, American Bankers Association, National Restaurant Association, and numerous others. The coalition said the CARES Act, which established the PPP in March, did not include liquidity or revenue tests and that the administration is now using criteria beyond what was required to determine whether companies needed the money at the time of request. In addition to calling on the SBA to suspend the questionnaire, the coalition has asked Congress to intervene. “Our organizations are fully supportive of appropriate review and oversight of PPP loans,” the coalition said. “We also understand the agencies would like to conduct further review into certain loans. We strongly encourage you to ensure that all agency review processes are necessary and appropriate to avoid undue burden on borrowers and lenders, possible bias and subjectivity, or concerning departures from requirements borrowers and lenders understood from the statute and original implementing guidance. We do not believe that the information collection sought by the new Loan Necessity Questionnaires achieves this appropriate balance.” (LumiNola/iStock/Getty Images Plus) [Chris Vest, CAE](https://associationsnow.com/author/chris-vest-cae/) Chris Vest, CAE, is director of public policy at ASAE. [More articles by this author](https://associationsnow.com/author/chris-vest-cae/) Tags: [#Advocacy](https://associationsnow.com/tag/advocacy/) [#AI](https://associationsnow.com/tag/ai/) [#Business](https://associationsnow.com/tag/business/) **Stay Informed** [Subscribe to our free newsletter](https://associationsnow.com/newsletter/) , *Associations Now Daily News*, to find out what’s happening in the association world every business day. ## You Might Like - [PodcastAssociations NOW Presents: Powering Advocacy-Why PACs Matter for AssociationsNovember 20, 2025](https://associationsnow.com/2025/11/20/associations-now-presents-powering-advocacy-why-pacs-matter-for-associations/) - [PodcastAssociations Now Presents: Beyond the Tech Stack: How AI Is Changing the Association PlaybookOctober 29, 2026](https://associationsnow.com/2026/10/29/associations-now-presents-beyond-the-tech-stack-how-ai-is-changing-the-association-playbook/) - [PodcastNavigating Tax Reform: Advocacy for Associations and NonprofitsDecember 19, 2024](https://associationsnow.com/2024/12/19/navigating-tax-reform-advocacy-for-associations-and-nonprofits/) - [VideoASAE Legislative 2025 Fly-InApril 4, 2025](https://associationsnow.com/2025/04/04/asae-legislative-2025-fly-in/) ## Comments **Comments are for ASAE members.** [Learn more about comments on this site.](https://associationsnow.com/comments/) [Log in](https://associationsnow.com/login?redirect_to=https%3A%2F%2Fassociationsnow.com%2F2020%2F11%2F24%2Fasae-business-groups-raise-concerns-about-small-business-loan-questionnaires%2F%23comments) to your member account or [join ASAE](https://my.asaecenter.org/select-a-membership-type/) !