IMPORTANT UPDATE:  SBA Affiliation Rules for PPP Loans 

The U.S. Small Business Administration (SBA) has released additional guidance regarding certain affiliation rules applicable to the implementation of the Paycheck Protection Program.  Please see the links below for details. 

PPP Interim Final Rule on Affiliation:  https://home.treasury.gov/system/files/136/SBA%20IFR%202.pdf 

PPP Applicable Affiliation Rules:  https://home.treasury.gov/system/files/136/Affiliation%20rules%20overview%20%28for%20public%29.pdf 

PPP Frequently Asked Questions:  https://home.treasury.gov/system/files/136/Paycheck-Protection-Program-Frequenty-Asked-Questions.pdf 

*The Attorneys at Levene Gouldin & Thompson, LLP are available to provide advice and counsel concerning these new statutory obligations and other matters related to COVID-19.