SBA Issues New Paycheck Protection Program Interim Final Rule
The U.S. Small Business Administration (“SBA”) has just issued a new Interim Final Rule related to the Paycheck Protection Program (“PPP”) under the recently-adopted Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”): https://home.treasury.gov/system/files/136/PPP–IFRN%20FINAL.pdf The PPP provides for SBA-backed loans to small businesses, which have under 500 employees or are otherwise defined as small business concerns. […]