208. s. What happens if PPP loan funds are misused? PPP III. Temporary New Business Loan Program: Paycheck Protection Program

PPP III. Temporary New Business Loan Program: Paycheck Protection Program

Effective Date: This rule is effective April 14, 2020.

s. What happens if PPP loan funds are misused?

If you use PPP funds for unauthorized purposes, SBA will direct you to repay those amounts. If you knowingly use the funds for unauthorized purposes, you will be subject to additional liability such as charges for fraud. If one of your shareholders, members, or partners uses PPP funds for unauthorized purposes, SBA will have recourse against the shareholder, member, or partner for the unauthorized use.

Reference Resource: SBA-2020-0015-0001

Comment Date: Comments must be received on or before May 15, 2020.

To submit your comment on this topic here: SBA-2020-0015-0001

SBA Form 3502

Temporary Halt in Residential Evictions to Prevent the Further Spread of COVID-19 An unpublished Notice by the Centers for Disease Control and Prevention on 09/04/2020

Reconsideration of Declined Loan Applications SBA Economic Injury Disaster Loan (EIDL)

I made a mistake listing my revenue when I applied for the SBA EIDL, I would like reconsideration for the loan.

I applied and was accepted for an SBA loan but opted to take a lower amount once my loan was offered. How do I request the full amount of the first SBA loan that was offered?

8.2 LOAN DECREASE AND CANCELLATION

123.303 How can my business spend my economic injury disaster loan?

Disaster Unemployment Assistance is not managed by Tier 2 SBA agents.

IRS Stimulus check status. Check on the status of your Economic Impact Payment.

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