SBA Posts New Interim Rule on SBA Loan Review Decisions Under the Paycheck Protection Program (PPP)
ACA Times
AUGUST 31, 2020
2 minute read: On August 12, 2020, the Small Business Association (SBA) issued a new interim final rule that provides guidance for borrowers and lenders on the appeal procedure for SBA loan review decisions for loans under the Paycheck Protection Program (PPP). The PPP is part of the Coronavirus Aid, Relief and Economic Security (CARES) Act , which was enacted in March 2020 to allow small employers to seek a PPP loan to help bridge the cost of maintaining employees during the COVID-19 crisis.
Let's personalize your content