After Rolling Back Many Criminal History Barriers Shortly Before the Deadline to Apply, SBA Has Now


The Paycheck Protection Program (PPP) has reopened and extended the deadline for businesses to apply for loans to August 8. The SBA has also recently relaxed its criminal history barriers for PPP assistance.

Please note, there has been a change in the criminal history eligibility. More business owners with criminal records are now eligible to apply for this grant program.

A business will only be excluded if a 20% owner is:

  1. Currently incarcerated

  2. Facing felony charges

  3. Within the last 5 years, has been convicted of or commenced parole/probation for any felony involving fraud, bribery, embezzlement, or a false statement in a loan application or an application for federal financial assistance

  4. Within the last year, has been convicted of or commenced parole/probation for any other felony.

The New Regulation: https://www.sba.gov/document/policy-guidance-ppp-interim-final-rule-additional-eligibility-revisions-first-interim-final-rule

The New Application Form: https://home.treasury.gov/system/files/136/PPP-Borrower-Application-Form.pdf

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