In our ongoing effort to get you the most up to date information as it relates to you and your small business during the coronavirus pandemic, we have brand new information out of the White House to share regarding the Paycheck Protection Program.
This week, the U.S. Department of the Treasury and U.S. Small Business Administration released new information regarding the Paycheck Protection Program:
- Frequently Asked Questions Document (Question 48)
- SBA is extending the deadline for lenders to electronically upload the initial SBA Form 1502 reporting information to the later of: (1) May 29, 2020, or (2) 10 calendar days after disbursement or cancellation of the PPP loan.
- SBA Paycheck Protection Program Loan Report Round 2
Assistance for Small Businesses
The Paycheck Protection Program is providing small businesses with the resources they need to maintain their payroll, hire back employees who may have been laid off, and cover applicable overhead.
Program Overview
- Top-line Overview of PPP
- SBA Paycheck Protection Program Loan Report
- SBA Paycheck Protection Program Loan Report Round 2 – Updated 5/16
- Summary of Paycheck Protection Program Round 2 Data – Updated 5/16
- Coronavirus Recovery Information in Other Languages – Updated 5/18
For Borrowers
- More Information
- Search Tool: Find an Eligible Lender
- Borrower Application Form
- Applicable Affiliation Rules
- How to Calculate Loan Amounts
- Loan Forgiveness Application – Updated 5/15
For Lenders
- More Information
- Lender Application Form
- Lender Application Form for Federally Insured Depository Institutions, Federally Insured Credit Unions, and Farm Credit System Institutions
- Lender Application Form for Non-Bank and Non-Insured Depository Institution Lenders
- Guidance on Whole Loans Sales of PPP Loans
- SBA Procedural Guidance on Participation Sales
- Lender Assistance Hotline: (833) 572-0502
Program Rules
- Frequently Asked Questions – Updated 5/19
- Interim Final Rule 1
- Interim Final Rule on Applicable Affiliation Rules
- Interim Final Rule on Additional Eligibility Criteria and Requirements for Certain Pledges of Loans
- Interim Final Rule on Requirements for Promissory Notes, Authorizations, Affiliation, and Eligibility
- Interim Final Rule on Additional Criterion for Seasonal Employers
- Interim Final Rule on Disbursements
- Interim Final Rule on Corporate Groups and Non-Bank and Non-Insured Depository Institution Lenders
- Interim Final Rule on Nondiscrimination and Additional Eligibility Criteria
- Interim Final Rule on Loan Increases – Updated 5/13
- Interim Final Rule on Eligibility of Certain Electric Cooperatives – Updated 5/14
- Interim Final Rule on Treatment of Entities with Foreign Affiliates – Updated 5/18
For more information and updates, visit Treasury.gov/CARES and SBA.gov/PayCheckProtection.
Assistance for American Workers and Families
For more information and updates, visit Treasury.gov/CARES and SBA.gov/PayCheckProtection.
We will continue to update you regularly with any important new information that we receive.