SBA's latest PPP guidance cuts both ways for lenders - Pittsburgh Business Times

Sean Girdwood, shareholder and co-chair of Buchanan's Finance Industry Team, is quoted in the Pittsburgh Business Times article, "SBA's latest PPP guidance cuts both ways for lenders"

"It very much seems like the rules will continue to evolve even though the vast majority of the PPP loans have already been made," said Sean Girdwood, a Pittsburgh-based shareholder at Buchanan Ingersoll & Rooney PC and co-chair of the law firm’s Finance Industry Team.

Since guidelines continue to be updated and additional legislation is being considered by the House of Representatives and Senate to extend the eight-week use period, borrowers and lenders of PPP loans will have to monitor the interim rule changes to determine how they may be impacted and what additional responsibilities they may have, Girdwood said.