For-profit and non-profit borrowers of PPP loans of $2MM or more are now required to submit additional forms.
On October 26, 2020, the SBA published a notice seeking Office of Management and Budget (OMB) approval of new...more
SBA Procedural Notice Regarding PPP Loans and Changes of Ownership -
On Friday, October 2, the SBA issued a procedural notice regarding PPP Loans and Changes of Ownership. The Notice provides some level of clarity for SBA...more
RECENT DEVELOPMENTS -
October, 2, 2020: On Friday, October 2, the SBA issued a procedural notice regarding PPP Loans and Changes of Ownership. The Notice provides some level of clarity for SBA Employees and PPP lenders as...more
On August 11, the SBA issued an Interim Final Rule regarding the appeal of SBA loan review decisions made under the Paycheck Protection Program (“PPP”). The Interim Final Rule is immediately effective, and while many lenders...more
8/18/2020
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Borrowers ,
CARES Act ,
Coronavirus/COVID-19 ,
Eligibility Determination ,
Interim Final Rules (IFR) ,
Lenders ,
Loan Forgiveness ,
Office of Hearings and Appeals (OHA) ,
Paycheck Protection Program (PPP) ,
SBA ,
Small Business Loans ,
Unauthorized Transactions