{"abstract":"On April 2, 2020, the U.S. Small Business Administration (SBA) posted an interim final rule (the First PPP Interim Final Rule) announcing the implementation of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act or the Act). The Act temporarily adds a new program, titled the \"Paycheck Protection Program,\" to the SBA's 7(a) Loan Program. The Act also provides for forgiveness of up to the full principal amount of qualifying loans guaranteed under the Paycheck Protection Program (PPP). The PPP is intended to provide economic relief to small businesses nationwide adversely impacted by the Coronavirus Disease 2019 (COVID-19). SBA posted additional interim final rules on April 3, 2020, and April 14, 2020. This interim final rule supplements the previously posted interim final rules with additional guidance. SBA requests public comment on this additional guidance.","action":"Interim final rule.","agencies":[{"raw_name":"SMALL BUSINESS ADMINISTRATION","name":"Small Business Administration","id":468,"url":"https://www.federalregister.gov/agencies/small-business-administration","json_url":"https://www.federalregister.gov/api/v1/agencies/468","parent_id":null,"slug":"small-business-administration"}],"body_html_url":"https://www.federalregister.gov/documents/full_text/html/2020/04/28/2020-09098.html","cfr_references":[{"chapter":null,"citation_url":null,"part":120,"title":13},{"chapter":null,"citation_url":null,"part":121,"title":13}],"citation":"85 FR 23450","comment_url":null,"comments_close_on":null,"correction_of":null,"corrections":[],"dates":"Effective date: This rule is effective April 28, 2020.","disposition_notes":null,"docket_ids":["Docket Number SBA-2020-0021"],"dockets":[],"document_number":"2020-09098","effective_on":"2020-04-28","end_page":23452,"executive_order_notes":null,"executive_order_number":null,"explanation":null,"full_text_xml_url":"https://www.federalregister.gov/documents/full_text/xml/2020/04/28/2020-09098.xml","html_url":"https://www.federalregister.gov/documents/2020/04/28/2020-09098/business-loan-program-temporary-changes-paycheck-protection-program-requirements-promissory-notes","images":{},"images_metadata":{},"json_url":"https://www.federalregister.gov/api/v1/documents/2020-09098?publication_date=2020-04-28","mods_url":"https://www.govinfo.gov/metadata/granule/FR-2020-04-28/2020-09098/mods.xml","not_received_for_publication":null,"page_length":3,"page_views":{"count":64598,"last_updated":"2026-04-11 20:15:05 -0400"},"pdf_url":"https://www.govinfo.gov/content/pkg/FR-2020-04-28/pdf/2020-09098.pdf","presidential_document_number":null,"proclamation_number":null,"public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2020-09098.pdf?1587991550","publication_date":"2020-04-28","raw_text_url":"https://www.federalregister.gov/documents/full_text/text/2020/04/28/2020-09098.txt","regulation_id_number_info":{"3245-AH37":{"issue":"202404","html_url":"https://www.federalregister.gov/regulations/3245-AH37/business-loan-program-temporary-changes-paycheck-protection-program-requirements-promissory-notes-au","title":"Business Loan Program Temporary Changes; Paycheck Protection Program--Requirements--Promissory Notes, Authorizations, Affiliation, and Eligibility","xml_url":"http://www.reginfo.gov/public/do/eAgendaViewRule?pubId=202404&RIN=3245-AH37&operation=OPERATION_EXPORT_XML","priority_category":"Section 3(f)(1) Significant"}},"regulation_id_numbers":["3245-AH37"],"regulations_dot_gov_info":{"supporting_documents":[],"regulatory_plan":{"html_url":"https://www.federalregister.gov/regulations/3245-AH37/business-loan-program-temporary-changes-paycheck-protection-program-requirements-promissory-notes-au","title":"Business Loan Program Temporary Changes; Paycheck Protection Program--Requirements--Promissory Notes, Authorizations, Affiliation, and Eligibility"},"comments_url":"https://www.regulations.gov/docketBrowser?rpp=50&so=DESC&sb=postedDate&po=0&dct=PS&D=SBA-2020-0021","supporting_documents_count":0,"docket_id":"SBA-2020-0021","regulation_id_number":"3245-AH37","title":"Business Loan Program Temporary Changes; Paycheck Protection Program –Requirements – Promissory Notes, Authorizations, Affiliation, and Eligibility","checked_regulationsdotgov_at":"2020-05-31T09:00:08Z"},"regulations_dot_gov_url":null,"significant":false,"signing_date":null,"start_page":23450,"subtype":null,"title":"Business Loan Program Temporary Changes; Paycheck Protection Program-Requirements-Promissory Notes, Authorizations, Affiliation, and Eligibility","toc_doc":null,"toc_subject":null,"topics":[],"type":"Rule","volume":85}