SBA's Answers to Frequently Asked Questions (FAQs) for the Paycheck Protection Program
On April 6, the Small Business Administration (SBA), after consulting with the Department of Treasury, published a set of Frequently Asked Questions relating to the Paycheck Protection Program. In doing so, the SBA announced that borrowers and lenders can rely on the guidance provided in the FAQ document as the agency’s official interpretation of the CARES Act and of the Paycheck Protection Program Interim Final Rule.
To read our analysis of the SBA’s interim guidance on the Paycheck Protection Program, click here.
To read our analysis of the SBA’s guidance on affiliation rules for the Paycheck Protection Program, click here.
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