🏦SBA Reporting Notice for PPP Loan Forgiveness and Compliance
Reporting and Recordkeeping Requirements Under OMB Review
Summary
The Small Business Administration (SBA) will submit the information collection described below to the Office of Management and Budget (OMB) for review and clearance in accordance with the Paperwork Reduction Act of 1995, as amended, on or after the date of publication of this notice. SBA is publishing this notice to allow all interested members of the public an additional 30 days to provide comments on the collection of information.
Agencies
- Small Business Administration
Business Impact
$$$ - High
This document pertains to the info collection for the Paycheck Protection Program (PPP), impacting compliance and regulatory requirements for business owners applying for loan forgiveness and recordkeeping. It highlights the necessity for ongoing participation in federal programs, which affects financial management and operational processes.