PPP 2.0 Program Highlights
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.
Interim Final Rule 13 CFR Part 134
The SBA has released Interim Final Rule 13 CFR Part 134 documenting the process for appealing SBA Loan Review decisions.
Procedural Notice to all SBA Employees and PPP Lenders
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.
Revisions to Loan Forgiveness Interim Final Rule
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.
Revised Loan Forgiveness Application
The SBA released a revised Loan Forgiveness Application implementing the PPP Flexibility Act of 2020.
Interim final rules pertaining to forgiveness of PPP loans
The SBA released two interim final rules pertaining to forgiveness of PPP loans.