SBA Loans

The Small Business Act Paycheck Protection Program authorizes up to $349 billion for low-interest loans of up to $10,000,000 to borrowers to fund eligible payroll costs, interest on mortgage payments (which includes mortgages on real property and personal property), rental payments, utilities payments, and for other permitted purposes. The loans made under the Paycheck Protection Program would be eligible for forgiveness for certain payroll and other operating costs, as long as the borrowers maintain their payrolls to fund payroll costs and certain other expenses.

Below is a list of our current guidance on the Paycheck Protection Program. If you have questions, please call your main contact at Lewis Rice or Steve Poindexter or Steve Drapekin.

SBA Loan Resources 

12.30.20 | PPP Round 2: Newly-Authorized Initial and Second Draw Paycheck Protection Program Loans and Other Changes Benefit Borrowers

10.05.20 | SBA Issues New Procedures and Requirements for M&A Transactions Involving PPP Loans

8.25.20 | SBA Issues New PPP Rule on Owner-Employee Compensation and Nonpayroll Costs

8.05.20 | New FAQs on Paycheck Protection Program (PPP) Loan Forgiveness Issued

6.18.20 | New Paycheck Protection Program (PPP) Loan Forgiveness Applications and Interim Final Rule Issued

6.04.20 | The Paycheck Protection Program Flexibility Act Makes Significant Changes to the PPP

5.26.20 | Paycheck Protection Program (PPP) Loan Review Procedures: What Borrowers and Lenders Need to Know

5.26.20 | Interim Final Rule on Forgiveness of Paycheck Protection Program (PPP) Loans Issued

5.18.20 | Paycheck Protection Program (PPP) Loan Forgiveness Application Issued – How Borrowers Ask for Forgiveness

5.13.20 | Paycheck Protection Program (PPP) FAQ Updated with Guidance on Necessity Certification and Eligibility

4.23.20 | Paycheck Protection Program (PPP) FAQ Updated to Address Certification Liability – Applicants and Borrowers Should Beware

4.15.20 | SBA Paycheck Protection Program Rule: Guidance for Self-Employed Individuals

4.09.20 | Paycheck Protection Program FAQs for Independent Contractors

4.07.20 | SBA Paycheck Protection Program Frequently Asked Questions Updated to Address Key Issues

4.03.20 | SBA Paycheck Protection Program Rule Issued: What Lenders Need to Know

4.03.20 | SBA Paycheck Protection Program Rule Issued: What Borrowers Need to Know

4.01.20 | Treasury Department Issues Initial Guidance on SBA Paycheck Protection Program

3.26.20 | The SBA Paycheck Protection Loan Program

3.24.20 | COVID-19 and the SBA Economic Injury Disaster Loan Program

Other Resources

Please note that the resources found on these pages are periodically updated by the U.S. Treasury and Small Business Administration.

U.S. Treasury | Treasury Assistance for Small Business Resource Page

Small Business Administration | SBA Paycheck Protection Program Page

U.S. Treasury | Paycheck Protection Program Borrower Application Form

U.S. Treasury | Paycheck Protection Program Lender Application Form

U.S. Treasury | Paycheck Protection Program Overview

U.S. Treasury | Paycheck Protection Program (PPP) Information Sheet: Lenders

U.S. Treasury | Paycheck Protection Program (PPP) Information Sheet: Borrowers

U.S. Treasury | Paycheck Protection Program (PPP) Interim Rule

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