![]() Section 311 of the Economic Aid Act adds a second temporary program to SBA's 7(a) Loan Program titled, “Paycheck Protection Program Second Draw Loans.” This interim final rule implements the key provisions of section 311 of the Economic Aid Act and requests public comment. Small Business Administration to guarantee additional loans under the temporary Paycheck Protection Program, which was originally established under the Coronavirus Aid, Relief, and Economic Security Act to provide economic relief to small businesses nationwide adversely impacted under the Coronavirus Disease 2019 (COVID-19) Emergency Declaration (COVID-19 Emergency Declaration) issued by President Trump on March 13, 2020. This interim final rule announces the implementation of section 311 of the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act (the Economic Aid Act). 35), and the Regulatory Flexibility Act ( 5 U.S.C. (j) Are Second Draw PPP Loans eligible for loan forgiveness?.(i) Will an applicant's Second Draw PPP Loan application be affected if there are unresolved issues regarding the applicant's First Draw PPP Loan?.(h) What do lenders need to know and do?.(g) How do I submit an application for a Second Draw PPP Loan and what documentation must I provide to demonstrate eligibility?.(f) What is the maximum loan amount for a Second Draw PPP Loan?.(e) Who is not eligible for a Second Draw PPP Loan?.(d) How do SBA's affiliation rules affect an applicant's eligibility for a Second Draw PPP Loan?.(c) Who is eligible for a Second Draw PPP Loan?. ![]() (b) What requirements apply to Second Draw PPP Loans?.Paycheck Protection Program Second Draw Loans ![]() Loans to Borrowers With Unresolved First Draw PPP Loans Second Draw PPP Loan Application and Documentation Requirements Business Concerns With More Than One Physical Location Summary of Key Terms of PPP Second Draw Loans This repetition of headings to form internal navigation links Headings within the legal text of Federal Register documents. This table of contents is a navigational tool, processed from the Provide legal notice to the public or judicial notice to the courts. Rendition of the daily Federal Register on does not Until the ACFR grants it official status, the XML ![]() Legal research should verify their results against an official edition of The official SGML-based PDF version on, those relying on it for The material on is accurately displayed, consistent with While every effort has been made to ensure that Regulatory information on with the objective ofĮstablishing the XML-based Federal Register as an ACFR-sanctioned The OFR/GPO partnership is committed to presenting accurate and reliable Register (ACFR) issues a regulation granting it official legal status.įor complete information about, and access to, our official publications Informational resource until the Administrative Committee of the Federal This prototype edition of theĭaily Federal Register on will remain an unofficial Each document posted on the site includes a link to theĬorresponding official PDF file on. The documents posted on this site are XML renditions of published Federal Register, and does not replace the official print version or the official It is not an official legal edition of the Federal This site displays a prototype of a “Web 2.0” version of the dailyįederal Register.
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