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SBA adds PPP FAQs
The SBA continues to fine-tune its rules under the Paycheck Protection Program, adding three new questions to its FAQs on PPP Loan Forgiveness. The new FAQs address forgiveness applications for PPP borrowers who also received Economic Injury Disaster Loan advances.
The SBA also added questions 50 and 51 to its General FAQs on Paycheck Protection Loans. Question 50 clarifies that payment or nonpayment of fees of an agent or other third party don't affect SBA's guarantee of a PPP loan or its payment of fees to lenders. Question 51 states that payments for group health care benefits include premiums for vision and dental benefits.