PAYCHECK PROTECTION PROGRAM
Message from Executive Board:
We continue to receive emails from membership regarding this program. We respond that we recommend the member consult with their attorney and accountants to ensure that the program will work best for them. In this update we are bringing you some of the latest information regarding the FAQ section with official SBA interpretations, as well as the forgiveness form. All we can say for sure is that this seems to change on a daily basis. Please make sure you follow your accountant’s advice.
PAYCHECK PROTECTION PROGRAM LOANS FAQs
The Small Business Administration (SBA), in consultation with the Department of the Treasury, intends to provide timely additional guidance to address borrower and lender questions concerning the implementation of the Paycheck Protection Program (PPP), established by section 1102 of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act or the Act).
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