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Interim Final Rule on Corporate Groups and Non-Bank and Non-Insured Depository Institution Lenders

A non-bank lender now meets the criteria to be a PPP lender and may be approved to make PPP loans if it has originated, maintained, or serviced more than $10 million in business loans or other commercial financial receivables during a 12-month period in the past 36 months, if the non-bank lender is (1) a community development financial institution (other than a federally insured bank or federally insured credit union) or (2) a majority minority-, women- or veteran/military-owned lender.

View the full rule here.