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News & Press: Legislative Issues

Important Alert For CALPASC Members On The PPP Loans

Friday, October 9, 2020   (0 Comments)
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The U.S. Treasury and SBA have issued a new interim final rule on forgiveness for any Paycheck Protection Program loan of $50,000 or less. There are approximately 3.57 million loans of $50,000 or less.
This may well allow the SBA to focus more scrutiny on the remaining 1.5 million loans above $50,000.
You can read about the new rules beginning on page 5 of this document by clicking here
You can click here for a copy of the new forgiveness application form.
You can click here for a copy of the new forgiveness application form instructions.
Any questions please contact CALPASC Director of Risk Management Bruce Wick at 760-535-9623, or bwick@calpasc.org.

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