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PPP partial forgiveness decision reviews allowed
Posted: Feb 10, 2022 | Author:
SBA
business lending
compliance
COVID-19
lending & collections
PPP
SBA
The SBA has issued Procedural Notice 5000-827666 to announce a new process to allow Paycheck Protection Program borrowers to request an SBA loan review of partial approval forgiveness decisions issued by their PPP lenders. The process affects past, current, and future forgiveness remittances from SBA. PPP lenders will find the new process described beginning on page 2 of the Procedural Notice.
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