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Paycheck Protection Program Frequently Asked Questions

As of July 29, 2021. These FAQs are in the process of being revised and do not yet reflect changes made by the American Rescue Plan Act of 2021 enacted on March 11, 2021. Paycheck Protection Program LOANS. Frequently Asked Questions (FAQs). The Small Business Administration (SBA), in consultation with the Department of the Treasury, intends to provide timely additional guidance to address borrower and lender Questions concerning the implementation of the Paycheck Protection Program (PPP), including both First Draw PPP Loans and Second Draw PPP Loans.

concerning the implementation of the Paycheck Protection Program (PPP), including both First Draw PPP Loans and Second Draw PPP Loans. This document will be updated on a regular basis. Borrowers and lenders may rely on the guidance provided in this document as SBA’s

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