The Small Business Administration (SBA) released an interim final rule the evening of April 2 outlining key provisions of the SBA’s Paycheck Protection Program (PPP) and the provisions of the CARES Act relating to loan forgiveness. The rule is effective immediately.
Some highlights of the rule include:
Increase in interest rate. The interest rate on any PPP loan will be
Continue Reading SBA Releases Guidance on PPP Small Business Loans