SBA Allows Increased PPP Loans to Partnerships, Extends Safe Harbor to May 18, 2020

The U.S. Small Business Administration (SBA) issued a new interim final rule 5/13/2020 which allows lenders to increase existing Paycheck Protection Program (PPP) loans to partnerships and seasonal employers. An excerpt from the applicable section is provided below and the full interim final rule may be accessed here: https://home.treasury.gov/system/files/136/Interim-Final-Rule-on-Loan-Increases.pdf The ability to increase loans applies to … Continue reading SBA Allows Increased PPP Loans to Partnerships, Extends Safe Harbor to May 18, 2020