Updated Paycheck Protection Program FAQs
February 4, 2021
The Small Business Administration (SBA), in consultation with the Department of the Treasury, recently provided additional guidance to address borrower and lender questions concerning the implementation of the Paycheck Protection Program (PPP), established by section 1102 of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act or the Act).
Access the FAQs HERE.
(NOTE: FAQs 1 – 53 are in the process of being revised and do not yet reflect changes made by the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act enacted on December 27, 2020.)