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May 22 PPP Final Interim Rules Provide Further Guidance and Some Surprises

The new Interim Final Rules consist of 26 pages that build upon  the Loan Forgiveness Application and Instructions, which cleared up several items, and resulted in several questions, and now some have been answered. A second set of Interim Final Rules, also released on May 22nd and consisting of 19 pages, provide guidance with respect to the SBA loan review process as well as borrower and lender responsibilities associated therewith.

Real full article here.