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SBA document page, Extension of and Update to Guidance Related to Paycheck Protection Program Loans and Changes of Ownership

Summary

SBA Procedural notice 5000-821918 extends guidance on the required procedures for changes of ownership of an entity that has received a Paycheck Protection Program loan. The original guidance was SBA Procedural Notice 5000-20057, issued October 2, 2020. This notice extends that guidance through October 1, 2022 and clarifies that it applies to entities that received First and Second Draw PPP Loans. It took effect October 26, 2021 and is owned by the Office of Capital Access.

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“SBA document page, Extension of and Update to Guidance Related to Paycheck Protection Program Loans and Changes of Ownership.” Original at legacy.sba.gov. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/sba-document-page-extension-of-and-update-to-guidance-related-to-paych-5f707f0806/, SHA-256 f09d8808d7b9e9ef7d7bbe3083f0f539f55230a38231a59c9cb3bd4674fce07f.

Full text

Procedural notice 5000-821918

Extension of and Update to Guidance Related to Paycheck Protection Program Loans and Changes of Ownership

The purpose of this Notice is to extend guidance concerning the required procedures for changes of ownership of an entity that has received a PPP loan.

About this document and download

On October 2, 2020, SBA issued SBA Procedural Notice 5000-20057: Paycheck Protection Program Loans and Changes of Ownership, which provided guidance concerning the required procedures for changes of ownership of an entity that has received a Paycheck Protection Program (“PPP”) Loan.

The purpose of this Notice is to extend that guidance through October 1, 2022, and to clarify that the guidance applies to entities that have received First and Second Draw PPP Loans (a “PPP Borrower”).

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File size: 166KB

Effective : October 26, 2021

Owned by : Office of Capital Access

Related Programs : Related programs: PPP

Last updated October 28, 2021

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procedural-notice-5000-821918-extension-update-guidance-related-paycheck-protection-program-loans-changes-ownership.html
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35,929 bytes
SHA-256
f09d8808d7b9e9ef7d7bbe3083f0f539f55230a38231a59c9cb3bd4674fce07f
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procedural-notice-5000-821918-extension-update-guidance-related-paycheck-protection-program-loans-changes-ownership.html
Original
legacy.sba.gov
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