The Office of the Inspector General (OIG) of the Small Business Administration (SBA) has produced a flash report on the implementation of the Paycheck Protection Program (PPP).
The OIG report found that interim final rules issued by SBA, as well as the FAQs it issued, “mostly aligned” with the CARES Act which created the program. However, there were some areas the OIG found which did not fully align with the act’s provisions.
Read on for details from the office’s first look at PPP implementation.