![]() Section 311 of the Economic Aid Act adds a second temporary program to SBA's 7(a) Loan Program titled, “Paycheck Protection Program Second Draw Loans.” This interim final rule implements the key provisions of section 311 of the Economic Aid Act and requests public comment. Small Business Administration to guarantee additional loans under the temporary Paycheck Protection Program, which was originally established under the Coronavirus Aid, Relief, and Economic Security Act to provide economic relief to small businesses nationwide adversely impacted under the Coronavirus Disease 2019 (COVID-19) Emergency Declaration (COVID-19 Emergency Declaration) issued by President Trump on March 13, 2020. This interim final rule announces the implementation of section 311 of the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act (the Economic Aid Act). 35), and the Regulatory Flexibility Act ( 5 U.S.C. (j) Are Second Draw PPP Loans eligible for loan forgiveness?.(i) Will an applicant's Second Draw PPP Loan application be affected if there are unresolved issues regarding the applicant's First Draw PPP Loan?.(h) What do lenders need to know and do?.(g) How do I submit an application for a Second Draw PPP Loan and what documentation must I provide to demonstrate eligibility?.(f) What is the maximum loan amount for a Second Draw PPP Loan?.(e) Who is not eligible for a Second Draw PPP Loan?.(d) How do SBA's affiliation rules affect an applicant's eligibility for a Second Draw PPP Loan?.(c) Who is eligible for a Second Draw PPP Loan?. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |