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Blog - October, 2020

News

On Thursday October 8, 2020, the U.S. Small Business Administration (SBA) issued an interim final rule (the “SBA PPP Interim Final Rule”), which is effective immediately, announcing, as described below, additional guidance concerning exemptions to reduction in forgiveness and the loan review process for PPP loans of $50,000 or less. The SBA PPP Interim Final Rule is available here read more

The U.S. Small Business Administration (“SBA”), in consultation with the U.S. Department of the Treasury, has from time to time issued responses to frequently asked questions by lenders and borrowers regarding the PPP (the “SBA PPP FAQs”).  A current copy of the SBA PPP FAQs is available here. On October 7, 2020, as set forth below, the SBA updated the SBA PPP FAQs... read more

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