SBA: Business Loan Program Temporary Changes: Paycheck Protection Program - Loan Forgiveness Requirements and Loan Review Procedures as Amended by Economic Aid Act
Feb 5, 2021
Notice of interim final rule with comment period from the Small Business Administration consolidating prior rules related to Payment Protection Program (PPP) loan forgiveness and loan reviews. This interim final rule also incorporates changes made by the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act, including revisions to certain PPP requirements and the permission of second-draw loans. This interim final rule is effective February 3, 2021. Comments are due by March 8, 2021.
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