SBA and Treasury Issue Final PPP Guidance

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Long-awaited guidance on the Paycheck Protection Program (PPP), Revisions to Loan Forgiveness Interim Final Rule and SBA Loan Review Procedures Interim Final Rule, was issued on June 22, 2020, by the Small Business Administration (SBA) in consultation with the Department of the Treasury.

The release is 34 pages in length and will require some time for us to process the information and post our explanation of the content of this guidance. However, in the interim, we wanted to post the release in its entirety to afford those of you awaiting this information the opportunity to read the materials as well.

You can expect the Grossman Yanak & Ford LLP breakdown of this new release in the near future. If you have a specific question, please contact Bob Grossman, Don Johnston or Mike Weber at 412-338-9300.

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Bob Grossman

Bob Grossman

Bob, one of the firm’s founding partners, has over 40 years of experience in public accounting. He specializes in tax and valuation issues that affect businesses as well as their stakeholders and owners. Bob has extensive experience working with the Internal Revenue Services and also serves as an expert witness in litigation matters.

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