US DEPARTMENT OF TREASURY, SBA RELEASE NEW GUIDANCE ON PPP LOAN FORGIVENESS

FRLA May 23, 2020 – The U.S Department of Treasury and the Small Business Administration have released guidance on PPP Loan Forgiveness. Below, please find links to the guidance on how PPP borrowers can apply for loan forgiveness, Interim Final Rule information, updated Frequently Asked Questions, and additional resources.

INTERIM FINAL RULE ON LOAN FORGIVENESS

SBA PPP Forgiveness Application

PPP FAQS – 5.19.20

INTERIM FINAL RULE ON SECOND EXTENSION OF LIMITED SAFE HARBOR WITH RESPECT TO CERTIFICATION CONCERNING NEED FOR PPP LOAN AND LENDER REPORTING

INTERIM FINAL RULE ON SBA LOAN REVIEW PROCEDURES AND RELATED BORROWER AND LENDER RESPONSIBILITIES

PAYCHECK PROTECTION PROGRAM LENDER PROCESSING FEE PAYMENT AND 1502 REPORTING PROCESS