SBA releases new PPP application forms

by NAFCU Newsroom

Following the issuance of an interim final rule to incorporate changes made to the paycheck protection program (PPP) by the American Rescue Plan Act, the Small Business Administration (SBA) published new application forms for borrowers and lenders.

The IFR detailed changes to:

  • eligibility, size, affiliation waivers, and certifications requirements for various types of businesses and grants; and
  • forgiveness of first- and second-draw PPP loans related to payroll cost exclusions.

 

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