As everyone continues to get information on the CARES Act, we want to provide you with some of latest updates we have seen. Yesterday, April 8, 2020, the Treasury Department issued an updated Paycheck Protection Program F.A.Q.
The Paycheck Protection Program formally launched on Friday, April 3rd. The program is in very high demand and has challenges around its implementation. Senate Small Business Committee Chairman Marco Rubio said that as of Wednesday, April 8th there had been 220,000 loan applications, with $66 billion committed of the $349 billion authorized under the program.
Here are a few key links related to the Paycheck Protection Program.
Borrower Application Form for PPP Loan New as of 4/3/2020
Lender Application Form for PPP Loan New as of 4/3/2020
SBA Interim Final Rule for Paycheck Protection Program New as of 4/3/2020
SBA Interim Final Rule on Affiliation New as of 4/3/2020
U.S. TREASURY: Guideline on Affiliation Rule New as of 4/3/2020
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