PPP Disbursements Interim Final Rule Summary
On the evening of April 28, 2020, the SBA released this sixth PPP Interim Final Rule (Rule). This Rule supplements the first PPP Interim Final Rule with guidance that will allow lenders to “swiftly” close and disburse loans to small businesses. As a whole, the Rule supplements implementation of section 1102 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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