Client Advisory: SBA Releases New Guidance on PPP Loan Forgiveness

Last week, the Small Business Administration released detailed new guidance on the forgiveness of loans under its Paycheck Protection Program (“PPP”).

The new rules provide clarity with respect to how and when the loan proceeds must be spent, and also the process borrowers and lenders will need to follow.

Please see our Client Update (PDF) for more details.

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DATE: 05/28/2020

AUTHOR: Aaron Kriss

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