Transcription of Business Loan Program Temporary Changes: PPP Loan ...
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Business Loan Program Temporary Changes: PPP Loan ...
1 SMALL Business ADMINISTRATION 13 CFR Part 120 [Docket Number SBA-2021-0006] RIN 3245-AH65 DEPARTMENT OF THE TREASURY RIN 1505-AC75 Business Loan Program Temporary Changes; Paycheck Protection Program Loan Forgiveness Requirements and Loan Review Procedures as amended by Economic Aid Act AGENCY: Small Business Administration; Department of the Treasury. ACTION: Interim final rule. SUMMARY: This interim final rule implements changes related to the forgiveness and review of loans made under the Paycheck Protection Program (PPP), which was originally established under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) to provide economic relief to small businesses nationwide adversely impacted by the Coronavirus Disease 2019 (COVID-19).
permitting second draw PPP loans. This interim final rule consolidates prior rules related to ... section 1106 of the CARES Act in the rules that are being restated herein will refer to section 7A. 5 . incorporating Flexibility Act Amendments (85 FR 38304) (June 26, 2020); the interim final rule ... Amended by Economic Aid Act . Overview .
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