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PAYCHECK PROTECTION PROGRAM - Small Business …

As of October 13, 2020 1 PAYCHECK PROTECTION PROGRAM Frequently Asked Questions (FAQs) on PPP Loan forgiveness The Small Business Administration (SBA), in consultation with the Department of the Treasury, is providing this guidance to address borrower and lender questions concerning forgiveness of PAYCHECK PROTECTION PROGRAM (PPP) loans, as provided for under section 1106 of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), as amended by the PAYCHECK PROTECTION PROGRAM Flexibility Act (Flexibility Act). Borrowers and lenders may rely on the guidance provided in this document as SBA s interpretation, in consultation with the Department of the Treasury, of the CARES Act, the Flexibility Act, and the PAYCHECK PROTECTION PROGRAM Interim Final Rules ( PPP Interim Final Rules ) (link).

Which loan forgiveness application should sole proprietors, independent contractors, or self-employed individuals with no employees complete? Answer: Sole proprietors, independent contractors, and self-employed individuals who had no employees at the time of the PPP loan application and did not include any

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U. S. Small Business Administration

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Lender and Development Company Loan Programs …

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STANDARD OPERATING PROCEDURE. SUBJECT: S.O.P. REV. SECTION NO. ... Previous edition of SOP 50 10 will continue to have applicability to loans that

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WOMEN OWNED SMALL BUSINESS (WOSB) …

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WOMEN-OWNED SMALL BUSINESS (WOSB) PROGRAM Small Entity Compliance Guide to the WOSB Program . April 2011 . U.S. Small Business Administration . A handbook for small businesses interested in learning …

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