SBA Issues Guidance on Appeals Process for SBA Loan Review Decisions Under the Paycheck Protection Program (PPP) | Practical Law
The Small Business Administration (SBA) issued an interim final rule (IFR) outlining the procedures for Paycheck Protection Program (PPP) borrowers and PPP lenders on the process for a PPP borrower to appeal certain SBA PPP loan review decisions (SBA Decisions) to the SBA Office of Hearings and Appeals (OHA). The IFR applies to all appealable final SBA Decisions, including all appeals filed after the effective date of September 14, 2021, and appeals filed before the effective date for which a Notice and Order has not been issued.