{"id":866,"date":"2020-10-14T11:53:20","date_gmt":"2020-10-14T15:53:20","guid":{"rendered":"http:\/\/blogs.duanemorris.com\/coronaviruscovid19\/?p=866"},"modified":"2020-10-14T11:53:33","modified_gmt":"2020-10-14T15:53:33","slug":"small-business-administration-releases-new-interim-final-rule-on-ppp-loan-forgiveness","status":"publish","type":"post","link":"https:\/\/blogs.duanemorris.com\/coronaviruscovid19\/2020\/10\/14\/small-business-administration-releases-new-interim-final-rule-on-ppp-loan-forgiveness\/","title":{"rendered":"Small Business Administration Releases New Interim Final Rule on PPP Loan Forgiveness"},"content":{"rendered":"<p>On October 8, 2020, the Small Business Administration (SBA) released a new\u00a0<a title=\"Business Loan Program Temporary Changes; Paycheck Protection Program \u2013 Additional Revisions to Loan Forgiveness and Loan Review Procedures Interim Final Rules\" href=\"https:\/\/home.treasury.gov\/system\/files\/136\/PPP--IFR--Additional-Revisions-Loan-Forgiveness-Loan-Review-Procedures-Interim-Final-Rules.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">interim final rule<\/a>\u00a0detailing additional revisions to the Paycheck Protection Program (PPP) loan forgiveness process and loan review procedures. In addition, the SBA released Question 52 to its\u00a0<a title=\"Paycheck Protection Program Loans FAQs\" href=\"https:\/\/home.treasury.gov\/system\/files\/136\/Paycheck-Protection-Program-Frequently-Asked-Questions.pdf?\" target=\"_blank\" rel=\"noopener noreferrer\">Frequently Asked Questions<\/a>\u00a0(FAQs) document on October 7, 2020, which addresses the deferral period for borrower payments of principal, interest and fees.<\/p>\n<p>To read the full text of this Duane Morris <em>Alert<\/em>, which summarizes the key points from the interim final rule and the update to the FAQs, please <a href=\"https:\/\/www.duanemorris.com\/alerts\/small_business_administration_releases_new_interim_final_rule_ppp_loan_forgiveness_1020.html\" target=\"_blank\" rel=\"noopener noreferrer\">visit the firm website<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On October 8, 2020, the Small Business Administration (SBA) released a new\u00a0interim final rule\u00a0detailing additional revisions to the Paycheck Protection Program (PPP) loan forgiveness process and loan review procedures. In addition, the SBA released Question 52 to its\u00a0Frequently Asked Questions\u00a0(FAQs) document on October 7, 2020, which addresses the deferral period for borrower payments of principal, &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/blogs.duanemorris.com\/coronaviruscovid19\/2020\/10\/14\/small-business-administration-releases-new-interim-final-rule-on-ppp-loan-forgiveness\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Small Business Administration Releases New Interim Final Rule on PPP Loan Forgiveness&#8221;<\/span><\/a><\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[1004,806,618,1003,264,379,408,263,262],"ppma_author":[1043],"class_list":["post-866","post","type-post","status-publish","format-standard","hentry","category-general","tag-faq","tag-interim-final-rule","tag-loan-forgiveness","tag-loan-review","tag-loans","tag-paycheck-protection-program","tag-ppp","tag-sba","tag-u-s-small-business-administration"],"authors":[{"term_id":1043,"user_id":6,"is_guest":0,"slug":"duanemorris3","display_name":"Duane Morris","avatar_url":"https:\/\/secure.gravatar.com\/avatar\/843ff6e7a8fe5fc92109b47a45f34b6cf0ea499e6e788db23456c838b0ae6747?s=96&d=blank&r=g","author_category":"1","last_name":"Sullivan","first_name":"Margaret","job_title":"","user_url":"http:\/\/www.duanemorris.com","description":"<a href=\"http:\/\/www.duanemorris.com\">Visit the Duane Morris website.<\/a>"}],"_links":{"self":[{"href":"https:\/\/blogs.duanemorris.com\/coronaviruscovid19\/wp-json\/wp\/v2\/posts\/866","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.duanemorris.com\/coronaviruscovid19\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.duanemorris.com\/coronaviruscovid19\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/coronaviruscovid19\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/coronaviruscovid19\/wp-json\/wp\/v2\/comments?post=866"}],"version-history":[{"count":0,"href":"https:\/\/blogs.duanemorris.com\/coronaviruscovid19\/wp-json\/wp\/v2\/posts\/866\/revisions"}],"wp:attachment":[{"href":"https:\/\/blogs.duanemorris.com\/coronaviruscovid19\/wp-json\/wp\/v2\/media?parent=866"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/coronaviruscovid19\/wp-json\/wp\/v2\/categories?post=866"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/coronaviruscovid19\/wp-json\/wp\/v2\/tags?post=866"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/coronaviruscovid19\/wp-json\/wp\/v2\/ppma_author?post=866"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}