The Small Business Administration released new guidance for procedures on submitting Paycheck Protection Program forgiveness loan documents as well as guidance for reporting suspicious activity in the Economic Injury Disaster Loan Program.
- SBA Procedural Notice: Procedures for Lender Submission of Paycheck Protection Program Loan Forgiveness Decisions to SBA and SBA Forgiveness Loan Reviews
- SBA Information Notice on Guidance Regarding Identification and Reporting of Suspicious Activity in the COVID-19 EIDL Loan Program
Note: The PPP forgiveness platform will go live and begin accepting lender submissions on August 10, subject to extension if any new legislative amendments to the forgiveness process necessitate changes to the system.