SBA prepares to relaunch PPP; FI regulators to host webinar Jan. 11

by NAFCU Newsroom

Following enactment of Phase 4 coronavirus relief provisions last week, the Small Business Administration (SBA) has released two new interim final rules (IFRs) to address changes to the paycheck protection program (PPP) made by the Economic Aid Act, as well as guidance for providing minority-, underserved-, veteran- and women-owned businesses with access to capital through the program.

Federal banking regulators, including the NCUA, are offering an interagency webinar for lenders Monday featuring officials from the SBA and Treasury Department to review:

  • the timeline for the rollout of new PPP loan programs;
  • details of the PPP loan programs, including first- and second-draw loans; and

 

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