SBA & US Treasury have recently released additional guidance on the Paycheck Protection Program. Please see below:
- Interim Final Rule on Treatment of Entities with Foreign Affiliates (released 5/18/20)
Note: This IFR is being posted in advance of publication in the Federal Register. The official version will appear in the Federal Register.
- Summary of PPP lending to date (Released 5/18/20)
- An updated Frequently Asked Questions Document (Question 48 – Released 5/19/20)
- SBA is extending the deadline for lenders to electronically upload the initial SBA Form 1502 reporting information to the later of: (1) May 29, 2020, or (2) 10 calendar days after disbursement or cancellation of the PPP loan.