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Tag Archives: loan limit

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PPP Update: New $20 Million PPP Loan Limit for Corporate Groups

Posted on May 1, 2020 by SmallGovCon Contributor

On Monday, May 4, the SBA will issue another Interim Final Rule updating the Paycheck Protection Program—this time limiting the “aggregate amount of PPP loans that any single corporate group may receive.”

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Posted in COVID-19 | Tagged $20 Million, CARES Act, Coronavirus, Coronavirus Aid Relief and Economic Security Act, Corporate Groups, covid, COVID-19, loan limit, parent companies, Paycheck Protection Program, paycheck protection program application, PPP, PPP affiliation, PPP affiliation guidance, PPP Affiliation Rules, PPP affiliation waiver, PPP loan, PPP Loan update, PPP program, PPP SBA, Return Loan, safe harbor, SBA, SBA loans, subsidiaries |
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