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PPP Reopening Dates Announced

January 14, 2021 The U.S. Small Business Administration and Treasury recently announced that the application window for Paycheck Protection Program forgivable loans will open at 9 a.m. ET on Friday, Jan. 15 for lenders with $1 billion or less in assets.

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SBA Clarifies Deferral Period for PPP Loan Payments

October 7, 2020 The U.S. Small Business Administration recently released guidance clarifying that Paycheck Protection Program lenders must recognize the previously established extended deferral period for payments on the principal, interest, and fees on all PPP loans, even if the executed promissory note indicates only a six-month deferral.

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SBA Issues PPP Change-in-Ownership Guidance

October 5, 2020 The U.S. Small Business Administration has issued a procedural notice providing new guidance regarding the procedures required for changes of ownership of an entity that has received Paycheck Protection Program funds.

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