Tax & AccountingAugust 12, 2020
PPP – Update 8/12
PPP – Update 8/12
The Small Business Association issued a new PPP Interim Final Rule late evening 8/11. Appeal of SBA Loan Review Decision Under the Paycheck Protection Program. https://home.treasury.gov/system/files/136/PPP-IFR-Appeals-of-SBA-Loan-Review-Decisions-Under-the-PPP.pdf
Note: “An appeal petition must be filed with OHA within 30 calendar days after (i) the appellant’s receipt of the final SBA loan review decision, or (ii) notification by the lender of the final SBA loan review decision, whichever is earlier.”
In addition, 3 new EIDL loan forgiveness FAQs were added yesterday. Note that Question 2 applies to #PPP loans without EIDL. https://home.treasury.gov/system/files/136/PPP–Loan-Forgiveness-FAQs.pdf
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