federal_register: 2021-00452

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document_number title type abstract publication_date pub_year pub_month html_url pdf_url agency_names agency_ids excerpts regulation_id_numbers
2021-00452 Business Loan Program Temporary Changes; Paycheck Protection Program Second Draw Loans Rule This interim final rule announces the implementation of section 311 of the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act (the Economic Aid Act). The Economic Aid Act authorizes the U.S. Small Business Administration to guarantee additional loans under the temporary Paycheck Protection Program, which was originally established under the Coronavirus Aid, Relief, and Economic Security Act to provide economic relief to small businesses nationwide adversely impacted under the Coronavirus Disease 2019 (COVID-19) Emergency Declaration (COVID-19 Emergency Declaration) issued by President Trump on March 13, 2020. Section 311 of the Economic Aid Act adds a second temporary program to SBA's 7(a) Loan Program titled, "Paycheck Protection Program Second Draw Loans." This interim final rule implements the key provisions of section 311 of the Economic Aid Act and requests public comment. 2021-01-14 2021 1 https://www.federalregister.gov/documents/2021/01/14/2021-00452/business-loan-program-temporary-changes-paycheck-protection-program-second-draw-loans https://www.govinfo.gov/content/pkg/FR-2021-01-14/pdf/2021-00452.pdf Small Business Administration 468 This interim final rule announces the implementation of section 311 of the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act (the Economic Aid Act). The Economic Aid Act authorizes the U.S. Small Business Administration to guarantee... 3245-AH63

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