Paycheck Protection Program Revisions to Interim Final Rules #3 and #6 Summary
On June 17, 2020, the SBA released this nineteenth PPP Interim Final Rule (Rule) which revises Interim Final Rule on Additional Eligibility Criteria and Requirements for Certain Pledges of Loans (IFR #3, posted April 14, 2020) and Interim Final Rule on Disbursements (IFR #6, posted April 28, 2020), by making conforming amendments consistent with the PPP Flexibility Act. As a whole, the Rule supplements implementation of sections 1102 and 1106 of the CARES Act, and the SBA requests public comment on all parts of the Rule, just as it has with all prior Interim Final Rules.
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