Hawthorne & Co. CPAs

New PPP Guidance Issued by SBA, Treasury

New PPP Guidance Issued by SBA, Treasury

The US Small Business Administration and Department of Treasury released guidance Wednesday night, January 6, for the revived and reconstituted Paycheck Protection Program. The guidance came in the form of two interim final rules, including one that details the guidelines for new PPP loans to businesses that previously received PPP funding.

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** This information is provided for general educational purposes only. Before taking any action based on this information, we strongly encourage you to consult with a professional accounting advisor about your specific situation.

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