U.S. Treasury Releases Interim Rules on Paycheck Protection Program – What You Need to Know

JEH and AET pic

In an effort to facilitate the fast-tracking of loans under the new Paycheck Protection Program (“PPP”) the U.S. Department of the Treasury released Interim Final Rules effective April 3, 2020. The rules cover areas such as:

  • Basic Structures of PPP Loans
  • Loan Applicant Certifications
  • Borrower Eligibility Requirements
  • Loan Proceeds
  • Loan Forgiveness Rules
  • Miscellaneous Terms.

Joe Hunt and Amanda Thibodeau help to break down the “Interim Final Rule” of the PPP in our recent COVID-19 Alert.