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

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 by August 30, 2021.
Source: Federal Register updates via the Rural Assistance Center - Category: Rural Health Source Type: news