Highlights of SBA’s Updated FAQs on the Paycheck Protection Loans

On April 8, 2020 (and again on April 13 and 14, 2020), the Small Business Administration (SBA) issued new “Frequently Asked Questions” providing clarifications regarding various aspects of the Paycheck Protection Program (PPP) loans established through sections 1102 and 1106 of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act or the Act). The…