Interim Final Rule on Paycheck Protection Program Requirements for Loan Increases

Interim Final Rule on Paycheck Protection Program Requirements for Loan Increases

On April 2, 2020, the U.S. Small Business Administration (SBA) posted an interim final rule announcing the implementation of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). The CARES Act temporarily adds a new program, titled the “Paycheck Protection Program,” to the SBA’s 7(a) Loan Program.

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