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COVID-19 Update: SBA Offers PPP Guidance and Answers Questions

access_time Posted on: May 15th, 2020

Paycheck Protection Program Guidance

The Small Business Administration (SBA), together with the Department of the Treasury, continue to offer additional guidance regarding the implementation of the Paycheck Protection Program (PPP), established by section 1102 of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). The guidance is offered in a Frequently Asked Questions format (see link below).

This resource is reliable since it contains SBA’s interpretation of the CARES Act and of the Paycheck Protection Program Interim Final Rules (see link below). The U.S. government will not challenge lender actions that conform to the PPP guidance found on the PPP Loans FAQ page, the PPP Interim Final Rules page, or any subsequent rules that are in effect at the time.

For more information regarding resources during the COVID-19 pandemic, please visit the CGA COVID-19 Business Resource Page using the link below.

For additional clarification, please contact a CGA business law attorney.


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