The Small Businesses Administration (SBA) has issued an interim final rule which informs 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).
The rule also outlines circumstances in which borrowers may request appeals. For example, only final SBA loan review decisions (as defined in the interim rule) can be appealed to OHA. A PPP borrower cannot file an OHA appeal of any decision made by a lender concerning a PPP loan. However, a PPP borrower can request an SBA review of a lender decision to deny the borrower’s loan forgiveness application.
For any questions, please contact Director of Government Affairs Kevin McKenney at firstname.lastname@example.org.