New SBA PPP Loans Start Monday, January 11th
The U.S. Small Business Administration (SBA) and Treasury issued guidance for the reconstituted Paycheck Protection Program (PPP), which takes effect on Monday, January 11th. The guidance included two interim final rules. The 82-page IFR “Business Loan Program Temporary Changes; Paycheck Protection Program as Amended” consolidates the rules for PPP forgivable loans for first-time borrowers and…