Guidance and new deadline for borrowers who requested PPP loans in the first funding round. A few weeks ago, the SBA announced that borrowers should be prepared to demonstrate the basis for good faith certification in requesting a loan from the Paycheck Protection Program (PPP). Borrowers...

The U.S. Small Business Administration (SBA) issued more regulations for the Paycheck Protection Program (PPP). The new regulations relate specifically to loan disbursement and corporate group eligibility. Loan Disbursement The disbursement of the PPP loan proceeds by the lender to the borrower must be done within ten...