Summary of the Small Business Administration’s Regulations for the Paycheck Protection Program

April 07, 2020

This article summarizes sections 1102 and 1106 of the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act” or the “Act”) as clarified by the interim rules issued by the U.S. Small Business Administration, the named Administrator under the Act (the “SBA” or “Administrator”).

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Scott F. Gautier

Partner

Chair, Corporate Restructuring and Bankruptcy Group

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