Guidance for Second Draw PPP Loans

This week, the U.S. Small Business Administration (SBA) issued an interim final rule titled “Business PPP Loan Forgiveness Requirements and Loan Procedures,” a 62-page document that mostly recaps guidance already issued about the First Draw Paycheck Protection Program (PPP) loans, while updating and incorporating the guidance for the Second Draw PPP loans.

OMA Connections Partner GBQ Partners has summarized the key points from the SBA’s new PPP guidance. 1/21/2021