On April 2, we advised that condo and coop boards would likely be eligible for Paycheck Protection Program (PPP) loans based upon the language of the Coronavirus Aid, Relief and Economic Security Act (CARES Act). Later in the day on April 2, the Small Business Administration (SBA) issued an Interim Final Rule regarding, in part, eligibility for PPP loans, which seems to close the door on condos and coops   Read the article…………………………..