Small Business Administration· Rule
Business Loan Program Temporary Changes; Paycheck Protection Program—Extension of Lender Records Retention Requirements
effective 1d ago
SUMMARY: This interim final rule lengthens the required records retention for lenders that made loans under the Paycheck Protection Program (PPP) to ten years. PPP was established under the Coronavirus Aid, Relief, and Economic Security Act as a temporary emergency guaranteed loan program to provide economic relief to…
Owner check — SBA action: confirm whether financing, disaster assistance, eligibility, or SBIC exposure changes for your business.