SBA and Treasury Announce New and Revised Guidance Regarding the Paycheck Protection Program

WASHINGTON—The U.S. Small Business Administration, in consultation with the U.S. Department of the Treasury, issued new and revised guidance for the Paycheck Protection Program (PPP).  This guidance implements the Paycheck Protection Program Flexibility Act (PPPFA), signed into law by President Trump on June 5, 2020, and expands eligibility for businesses with owners who have past felony convictions.

To implement the PPPFA, SBA revised its first PPP interim final rule, which was posted on April 2, 2020.  As described in detail in our announcement on June 8, 2020, the new rule updates provisions relating to loan maturity, deferral of loan payments, and forgiveness provisions.
Click here to view the new Interim Final Rules.
Click here to view the new Borrower Application. (Revised June 12)
Click here to view the new Lender Application. (Revised June 12)

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