SBA updates PPP forms to implement changes

The SBA issued updated Paycheck Protection Program application forms that incorporate last week's interim final rule implementing American Rescue Plan Act changes.

The Rule: The IFR authorizes PPP loans for Shuttered Venue Grant applicants (though the PPP loan amount will be deducted from the grant); clarifies payroll costs not eligible for forgiveness; and clarifies eligibility for 501(c) organizations, NAICS code 72 businesses, and internet-only news businesses.

Forms: The SBA issued updated versions of the following:

More: More PPP information and resources are available on the SBA and Treasury sites and ICBA's PPP and EIP News page.