The Small Business Administration (SBA), in consultation with the Department of the Treasury have updated their FAQs as of May 13, 2020. They will continue to provide timely additional guidance to address borrower and lender questions concerning the implementation of the Paycheck Protection Program (PPP), established by section 1102 of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act or the Act). Read this document here.
Learn more on home.treasury.gov.
