As you may be aware, a new round of funding for the Paycheck Protection Program (PPP) has been approved as part of the COVID-19 relief package passed by Congress.
The SBA has released Interim Final Rule 13 CFR Part 134 documenting the process for appealing SBA Loan Review decisions.
The SBA issued a Procedural Notice to all SBA Employees and PPP Lenders that clarifies the process for Lender submission of PPP loan forgiveness decisions to the SBA and SBA forgiveness reviews.
The SBA released a new Interim Final Rule (IFR) #20, entitled Revisions to Loan Forgiveness Interim Final Rule and SBA Loan Review Procedures Interim Final Rule.
The SBA released a revised Loan Forgiveness Application implementing the PPP Flexibility Act of 2020.
The SBA released two interim final rules pertaining to forgiveness of PPP loans.