CARES Act: SBA Issues Process for Appealing Paycheck Protection Program (PPP) Loan Review Decisions | Practical Law
The Small Business Administration (SBA) issued an interim final order (IFR) informing Paycheck Protection Program (PPP) borrowers and lenders of the process for a PPP borrower to appeal certain SBA loan review decisions to the SBA Office of Hearings and Appeals (OHA). This IFR establishes a new subpart L for 13 CFR part 134 which outlines a process for appeals of certain SBA loan review decisions under the PPP.