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What to Know about the Paycheck Protection Program, Round Two - Update | Schwabe, Williamson & Wyatt PC

What to Know about the Paycheck Protection Program, Round Two - Update | Schwabe, Williamson & Wyatt PC
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What to Know about the Paycheck Protection Program, Round Two | Schwabe, Williamson & Wyatt PC

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Unpacking the Economic Aid Act: Consolidated First Draw PPP Interim Final Rule, New First Draw PPP Loans, and Increases to First Draw PPP Loans (January 14, 2021)
Late on January 6, 2021, the Small Business Administration (the “
SBA”) and the Department of Treasury released an Interim Final Rule called “Business Loan Program Temporary Changes; Paycheck Protection Program as Amended by Economic Aid Act” (sometimes referred to as the “
Consolidated First Draw PPP IFR” or the “
IFR”). That rule restates existing regulatory provisions into a single regulation on borrower eligibility, lender eligibility, and loan application or origination requirement issues for new First Draw PPP Loans, as well as general rules relating to First Draw PPP Loan increases and loan forgiveness. ....

United States , Paycheck Protection Program Borrower Application Form Revised , Paycheck Protection Program Under Division , Communications Commission , Office Of Inspector , Business Loan Program Temporary , Health Administration , Department Of Health , Television Broadcasting , Paycheck Protection Program , Food Services , Loan Program Requirements , Centers For Disease , Paycheck Protection Program As , National Institute For Occupational Safety , Hawaiian Organization Nhos , Community Development Corporations Cdcs , Department Of Treasury , Human Services , Small Business Administration , Railroad Retirement , Employer Organization , Venues Act The Paycheck Protection Program , Securities Exchange , Department Of The Treasury , Member Of Congress ,