On 1/29/2021, the Small Business Administration (SBA) reissued their list of Frequently asked questions regarding PPP loans. The updated version of the FAQs explains that FAQs 1-53 are in the process of being revised and do not yet reflect the changes made by the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act enacted on December 27, 2020. On 2/1/2021, FinCEN also updated their FAQs to correspond with the updated SBA FAQs.

The SBA FAQs can be found here.

The FinCEN FAQs can be found here.

Adam Witmer

Adam Witmer is a speaker, author, and founder of the Compliance Cohort. Adam has taught hundreds of seminars and training sessions to thousands of bankers throughout the United States and teaches on all areas of regulatory compliance. Adam has written five e-books that he never published, hit a grizzly bear while driving in a National Park, and is an award winning photographer and musician (though he no longer takes photos nor plays any instruments). In his spare time, Adam can be found kayaking on the lake, doing taekwondo with his kids, working on his (project) house, or spending time with his family.

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