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10 Things to Know about Second Draw PPP Loans as Updated for the Economic Aid Act and the ARP Act - Update #5 | Schwabe, Williamson & Wyatt PC

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 Second Draw Loans” (“
Second Draw Rules”). These rules announced the implementation of section 311 of the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act (the “
Economic Aid Act”). The SBA also released an Interim Final Rule called “Business Loan Program Temporary Changes; Paycheck Protection Program as Amended by Economic Aid Act” (“
Consolidated First Draw PPP 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. Both rules take effect immediately. For more information on the Conso ....

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10 Things to Know about Second Draw PPP Loans as Updated for the Economic Aid Act and the ARP Act (Updated 4/8/2021) | Schwabe, Williamson & Wyatt PC

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 Second Draw Loans” (“
Second Draw Rules”). These rules announced the implementation of section 311 of the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act (the “
Economic Aid Act”). The SBA also released an Interim Final Rule called “Business Loan Program Temporary Changes; Paycheck Protection Program as Amended by Economic Aid Act” (“
Consolidated First Draw PPP 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. Both rules take effect immediately. For more information on the Conso ....

United States , Hong Kong , Revenue Service , Biden Harris Administration , Communications Commission , Business Loan Program Temporary , Rule On Paycheck Protection Program As , Television Broadcasting , Grant Program , Paycheck Protection Program , Food Services , Department Of Education , Paycheck Protection Program As , Department Of Treasury , Small Business Administration , Harris Administration , Fund Availability , Securities Exchange , Department Of The Treasury , Member Of Congress , Bankruptcy Court , See Second Draw Paycheck Protection Program , Interim Final Rule , Loan Program Temporary Changes , Paycheck Protection Second Draw , Economic Aid ,

10 Things to Know about Second Draw PPP Loans as Updated for the Economic Aid Act and the ARP Act - Update #3 | Schwabe, Williamson & Wyatt PC

10 Things to Know about Second Draw PPP Loans as Updated for the Economic Aid Act and the ARP Act - Update #3 | Schwabe, Williamson & Wyatt PC
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United States , Hong Kong , Revenue Service , Biden Harris Administration , Communications Commission , Business Loan Program Temporary , Rule On Paycheck Protection Program As , Television Broadcasting , Grant Program , Paycheck Protection Program , Food Services , Department Of Education , Paycheck Protection Program As , Department Of Treasury , Small Business Administration , Harris Administration , Fund Availability , Securities Exchange , Department Of The Treasury , Member Of Congress , See Second Draw Paycheck Protection Program , Interim Final Rule , Loan Program Temporary Changes , Paycheck Protection Second Draw , Economic Aid , Hard Hit Small Businesses ,

Economic Aid Act: 10 Things to Know about Second Draw PPP Loans - Update #2 | Schwabe, Williamson & Wyatt PC

Economic Aid Act: 10 Things to Know about Second Draw PPP Loans - Update #2 | Schwabe, Williamson & Wyatt PC
jdsupra.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jdsupra.com Daily Mail and Mail on Sunday newspapers.

United States , Hong Kong , Revenue Service , Paycheck Protection Program As , Communications Commission , Department Of Treasury , Business Loan Program Temporary , Small Business Administration , Fund Availability , Television Broadcasting , Securities Exchange , Department Of The Treasury , Paycheck Protection Program , Member Of Congress , Food Services , See Second Draw Paycheck Protection Program , Interim Final Rule , Loan Program Temporary Changes , Paycheck Protection Second Draw , Economic Aid , Hard Hit Small Businesses , Venues Act , First Draw , Consolidated First Draw , Second Draw Rules , Second Draw ,

Navigating Second Draw PPP Loans | Orrick, Herrington & Sutcliffe LLP

To embed, copy and paste the code into your website or blog:
On December 27, 2020 the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act (the Economic Aid Act) was signed into law, which reopened the Paycheck Protection Program (PPP) both to first-time borrowers and, subject to stricter conditions and limits, to borrowers that previously received a PPP loan (second draw borrowers).
[1] Under the Economic Aid Act, the last day to apply for and receive a loan under the reopened PPP is March 31, 2021. The Small Business Administration (SBA) and the Department of the Treasury (Treasury) have recently issued various interim final rules, borrower and lender application forms, and other guidance in connection with the reopened PPP. ....

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