Braden Perry Featured as an Expert in Kansas City Business Journal Article on PPP Loan Compliance
The Kansas City Business Journal highlights Braden Perry, among other experts, in an article on Paycheck Protection Programs (PPP) loans and compliance. If PPP loan recipients do not follow the compliance guidelines, they must be repaid in full in no less than two years. However, the rules of compliance are ever-changing.
“Braden Perry, a partner at Mission Woods-based law firm Kennyhertz Perry LLC, said people shouldn’t worry about that too much, unless they had an intent to commit fraud and the government can prove it.
“I’m sure there will be situations where companies used the funds for what they believed were proper purposes, but in the end were determined not to be proper, because of the constantly changing rules,” Perry said. “The worst-case scenario, if they decide you used funds to keep your company afloat that were not allowable under the CARES Act, is that you’d be liable to pay the money back to the SBA.”