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

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 …

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