FAQs – Paycheck Protection Program loans

As a follow-up to our April 7 teleconference, the Small Business Administration (SBA) has provided a list of frequently asked questions concerning Paycheck Protection Program (PPP) loans. The information is current as of April 8.

The SBA, in consultation with the Department of the Treasury, intends to provide timely additional guidance to address borrower and lender questions concerning the implementation of the PPP, established by section 1102 of the Coronavirus Aid, Relief, and Economic Security Act.

TAM will monitor for release of related documents and additional information, and will continue to provide updates.