SBA Provides Overview of the Paycheck Protection Program Relaunch – Click HereThe Jan. 11, Ask the Regulators webinar included a presentation by Bill Briggs, acting associate administrator for the SBA’s Office of Capital Access to provide a general overview of PPP loan processes related to provisions in the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act (the Economic Aid Act). The presentation discusses the Economic Aid Act, the Paycheck Protection Program Flexibility Act of 2020, the CARES Act, PPP IFRs, PPP FAQs, PPP Application Forms and Instructions, and other PPP resources.
* In this document, please note Question #53: "Why are some PPP borrowers receiving a Loan Necessity Questionnaire (SBA Form 3509 or 3510?" For more information and updates, visit SBA.gov/PPP or Treasury.gov/CARES
A new SBA Information Notice has been issued - SBA Revised Forms 1919, 1920, 1971, 2237, 2449 are now available (EIB-SBA Joint Form 84-1 will no longer be used for Export Working Capital Program (EWCP) loans. Lenders must now use SBA Forms 1919 and 1920 to request a guarantee on an EWCP loan). Also, click herefor the SBA Lender's Transcript of Account Form.
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