Varnum (Michigan): SBA Issues Final Rules for PPP Loan Forgiveness and Loan Review Procedures

On May 22, the SBA issued interim final rules on loan forgivenessand loan review procedures for borrowers and lenders using the Paycheck Protection Program (PPP). This summary is not a full and complete recitation of such rules and has been prepared in an effort to highlight key provisions of the rules in an abbreviated format, not to replace them. Please refer to the published rules for full and complete recitations. MORE.

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