SBA, Treasury Release Additional PPP Guidance

The Treasury Department recently updated the Paycheck Protection Program’s Frequently Asked Questions repository, noting that the extension of the program’s loan deferral period, enacted in June, automatically applies and does not require either lenders or borrowers to modify any promissory notes.

For full details, please review Question 52 at the bottom of the FAQ page.

The SBA has also released a letter to PPP lenders noting that the administration has begun remitting loan forgiveness payments to authorized participants. Please click here to view that letter.

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