Removing Barriers Blog

SBA Issues FAQ on PPP
Posted April 15, 2020 by Chandler Schuette

The Small Business Administration, in consultation with the Department of the Treasury, issued a document of Frequent Asked Questions on the Paycheck Protection program. This document is intended to provide guidance concerning the implementation of PPP and will be updated on a regular basis.

"Borrowers and lenders may rely on the guidance provided in this document as SBA’sinterpretation of the CARES Act and of the Paycheck Protection Program Interim Final Rule
(“PPP Interim Final Rule”) (link). The U.S. government will not challenge lender PPP actions that conform to this guidance,1 and to the PPP Interim Final Rule and any subsequent rulemaking in effect at the time," the document states.