SBA Issues Interim Payroll Protection Program Guidance-Promises to Issue More on Affiliation Rules

By: Christine V Williams on 04/02/2020

SBA issued its Interim Final Rule for the Paycheck Protection Program (Guidance) with  more affiliation rule guidance to follow.  “SBA intends to promptly issue additional guidance with regard to the applicability of affiliation rules at 13 CFR §§ 121.103 and 121.301 to PPP loans.”

Here is the interim final rule: Interim PPP Rule Issued (D0883318)