Public Inspection: Business Loan Program Temporary Changes: Paycheck Protection Program - COVID Revenue Reduction Score, Direct Borrower Forgiveness Process, and Appeals Deferment

Pre-publication notice of interim final rule from the Small Business Administration making changes regarding the forgiveness of loans made under the Paycheck Protection Program (PPP). This interim final rule is effective July 28, 2021. This final rule also extends the loan deferment period for PPP loans when the borrower files a timely appeal of a loan review decision. Comments are due within 30 days of the publication of this notice, which is scheduled for July 30, 2021.
Source: Federal Register updates via the Rural Assistance Center - Category: Rural Health Source Type: news