SBA: Business Loan Program Temporary Changes; Paycheck Protection Program-Requirements-Corporate Groups and Non-Bank and Non-Insured Depository Institution Lenders

The Small Business Administration has issued an interim final rule to supercede all earlier versions of the Paycheck Protection Program (PPP) interim final rule. Changes to the rule are effective May 4, 2020 and concern limitations on the amount of PPP loans that any single corporate group may receive and provide guidance on the criteria for non-bank lender participation in the program.
Source: Federal Register updates via the Rural Assistance Center - Category: Rural Health Source Type: news