The SBA released further guidance:

  • Click here to read SBA Information Notice 5000-20087 Updated Information on IRS Information Reporting Relating to the Payments Made on Behalf of Borrowers under Section 1112 of the CARES Act Based on Section 278 of the COVID-related Tax Relief Act of 2020
  • Click here to read SBA Procedural Notice 5000-20088 Extension of Temporary Procedures for Closing SBA Loans to Microloan Intermediaries
  • Click here to read SBA Procedural Notice 5000-20089 Extension of Previous Guidance on Acceptable Signatures for Applications and Loan Documents in the 7(a) and 504 Business Loan Programs Through April 30, 2021
  • Click here to read Procedural Notice 5000-20090 Extension of Guidance on Acceptable Signatures for Microloan Program Notes

It’s anticipated there will continue to be further guidance, processes, and procedures issued which we will continue to provide updates once available.