SBA lending restrictions would continue to apply to officers and key employees of a PPP lender,

PPP_RULES / 4-23-2020 / File # 202

PPP #. Loans to Executive Officers, Directors, and Principal Shareholders of Member Banks

A Rule by the Federal Reserve System on 04/22/2020

The interim final rule also stated that SBA lending restrictions would continue to apply to officers and key employees of a PPP lender, and that "[f]avoritism by [a PPP] [l]ender in processing time or prioritization of [a] director's or equity holder's PPP application is prohibited.:" [13]

Reference Resource: Loans to Executive Officers

Comment Date: This document has a comment period that ends in 47 days. (06/08/2020) .

To submit your comment on this topic here:

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Paycheck Protection Program (PPP) Rule Changes and Public Comment links

PPP_RULES / 8-6-2020 / File # 392

Do you understand the PPP forgiveness requirements?

PPP_RULES / 8-6-2020 / File # 393

What is the maturity date of a PPP loan?

PPP_RULES / 8-6-2020 / File # 394

PPP Loan Forgiveness Calculation

PPP_RULES / 8-6-2020 / File # 400

Is the Unemployment grant EIDL advance a duplication of benefits for the Paycheck Protection Program?

PPP_RULES / 6-20-2020 / File # 273

PPP Forgiveness Application SBA and Treasury Release Paycheck Protection Program Loan Forgiveness Application.

PPP_RULES / 5-16-2020 / File # 252

Paycheck Protection Program PPP Questions and Answers for a Select few. Published 4-28-2020

PPP_RULES / 4-29-2020 / File # 251

PPP Topic; TIPS FOR SUBMITTING EFFECTIVE COMMENTS ON FEDERAL REGULATIONS. And your list of Paycheck Protection Program rules you might want to voice your opinion over.

PPP_RULES / 4-29-2020 / File # 250

Can I us my US Treasury and SBA PPP loan with my SBA EDIL without merging the two loans as it shows in the borrowers form?

PPP_RULES / 4-24-2020 / File # 249

EIDL: Do landlords with no employees, not LLC, file 1040, Schedule E, qualify for EIDL loan and advance?

PPP_RULES / 4-23-2020 / File # 213