The U.S. Small Business Administration has posted an Interim Final Rule on Loan Review Procedures and Related Borrower Responsibilities which outlines the forgiveness application, the review process, the potential for denial and the appeal process. Link here.    

The U.S. Small Business Administration has posted an Interim Final Rule on Loan Forgiveness which serves to codify guidance in the forgiveness application package. Link here.  

The Small Business Administration (SBA), in consultation with the Department of the Treasury, intends to provide timely additional guidance to address borrower and lender questions concerning the implementation of the Paycheck Protection Program (PPP), established by section 1102 of the Coronavirus...