The Small Business Administration recently released the next two sets of Interim Final Rules providing further clarification and guidance to the completion of the Loan Forgiveness Application and a Lender’s responsibilities during the review process. The IFRs outlined the rules relating to the Loan Forgiveness Application clarifying a number of previously ambiguous items. It also shed some light on the review process from both the documentation and timing aspects. Our experts will review these items during our Paycheck Protection Program office hours.
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