ABSTRACT

SBA Paycheck Protection Program (PPP) Loan Forgiveness: In Brief [Updated September 3, 2020]   [open pdf - 993KB]

From the Summary: "The Coronavirus Aid, Relief, and Economic Security Act (CARES Act; P.L. 116-136) created the Small Business Administration (SBA) Paycheck Protection Program (PPP) to provide short-term, low-interest loans that could be forgiven under specified circumstances to certain small business and nonprofits. [...] This In Brief report discusses statutes, regulations, and agency guidance relevant to the PPP loan forgiveness process and determination. A summary of the Paycheck Protection Program Flexibility Act is also provided."

Report Number:
CRS Report for Congress, R46397
Author:
Publisher:
Date:
2020-09-03
Series:
Copyright:
Public Domain
Retrieved From:
Congressional Research Service: https://crsreports.congress.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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