Update: Paycheck Protection Program - Additional SBA Guidance Released

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Stoel Rives LLP

As discussed in a previous client alert issued by Stoel Rives’ corporate team, the Paycheck Protection Program (“Program”) is part of a quickly evolving regulatory landscape. With a tremendous amount of information and guidance being released daily, it can be challenging to keep track of changes or clarifications being made regarding the Program. To assist borrowers, investors and lenders alike, here is a consolidated list of Program application materials and guidance provided by the Small Business Administration (“SBA”) and other organizations:

Applications and Agreements

SBA Guidance

U.S. Department of Treasury Guidance

National Venture Capital Association Guidance

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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