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2020-04-28
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Business Loan Program Temporary Changes; Paycheck Protection Program-Requirements-Promissory Notes, Authorizations, Affiliation, and Eligibility
Rules and Regulations
D09002ee1bdb593ea
D09002ee1bdb59457
United States
Small Business Administration
originator
org
United States Government Agency or Subagency
On April 2, 2020, the U.S. Small Business Administration (SBA) posted an interim final rule (the First PPP Interim Final Rule) announcing the implementation of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act or the Act). The Act temporarily adds a new program, titled the ``Paycheck Protection Program,'' to the SBA's 7(a) Loan Program. The Act also provides for forgiveness of up to the full principal amount of qualifying loans guaranteed under the Paycheck Protection Program (PPP). The PPP is intended to provide economic relief to small businesses nationwide adversely impacted by the Coronavirus Disease 2019 (COVID-19). SBA posted additional interim final rules on April 3, 2020, and April 14, 2020. This interim final rule supplements the previously posted interim final rules with additional guidance. SBA requests public comment on this additional guidance.
85 FR 23450
https://www.govinfo.gov/app/details/FR-2020-04-28/2020-09098
2020-09098
fr28ap20-3
RIN 3245-AH37
Docket Number SBA-2020-0021
https://www.govinfo.gov/app/details/FR-2020-04-28/2020-09098
https://www.govinfo.gov/content/pkg/FR-2020-04-28/html/2020-09098.htm
https://www.govinfo.gov/content/pkg/FR-2020-04-28/pdf/2020-09098.pdf
3 p.
23450
23452
85 FR 23450
Code of Federal Regulations
Title 13 Part 120
13 CFR Part 120
Code of Federal Regulations
Title 13 Part 121
13 CFR Part 121
Regulation Identification Number 3245-AH37
RIN 3245-AH37
Business Loan Program Temporary Changes; Paycheck Protection Program-Requirements-Promissory Notes, Authorizations, Affiliation, and Eligibility; Federal Register Vol. 85, Issue
RULE
2020-09098
SMALL BUSINESS ADMINISTRATION
2020-04-28
Docket Number SBA-2020-0021
2020-09098
Interim final rule.
On April 2, 2020, the U.S. Small Business Administration (SBA) posted an interim final rule (the First PPP Interim Final Rule) announcing the implementation of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act or the Act). The Act temporarily adds a new program, titled the ``Paycheck Protection Program,'' to the SBA's 7(a) Loan Program. The Act also provides for forgiveness of up to the full principal amount of qualifying loans guaranteed under the Paycheck Protection Program (PPP). The PPP is intended to provide economic relief to small businesses nationwide adversely impacted by the Coronavirus Disease 2019 (COVID-19). SBA posted additional interim final rules on April 3, 2020, and April 14, 2020. This interim final rule supplements the previously posted interim final rules with additional guidance. SBA requests public comment on this additional guidance.
Effective date: This rule is effective April 28, 2020.
A Call Center Representative at 833- 572-0502, or the local SBA Field Office; the list of offices can be found at https://www.sba.gov/tools/local-assistance/districtoffices.
ppp-ifr@sba.gov
http://www.regulations.gov
https://www.sba.gov/tools/local-assistance/districtoffices
www.regulations.gov
www.sba.gov
Federal Register
Vol. 85, no. 82
Office of the Federal Register, National Archives and Records Administration
2020-04-28
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296 p.
Table of Contents:
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https://www.govinfo.gov/app/details/FR-2020-04-28
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https://www.govinfo.gov/app/details/FR-2020-04-28
https://www.govinfo.gov/content/pkg/FR-2020-04-28/pdf/FR-2020-04-28.pdf
https://www.govinfo.gov/content/pkg/FR-2020-04-28/xml/FR-2020-04-28.xml
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FR-2020-04-28
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