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PPP Resource Archive


(October 7) SBA publishes new general FAQ # 52 providing requirements related to extension of PPP loan deferment periods as authorized by the Paycheck Protection Program Flexibility Act of 2020.

(October 6)  SBA informed PPP lenders that the Agency has begun remitting PPP loan forgiveness payments to lenders.  The SBA message reminds lenders that additional information on the forgiveness process can be found in various program guidance documents and in the Lender User Guide and videos available on theforgiveness platform “Resources” dashboardIt also directs lenders with additional question to the Lender Hotline (833.572.0502) or the forgiveness platform inbox.

(October 2 3 PM EDTSBA issues Notice 5000-20057,Paycheck Protection Program Loans and Changes of Ownership (effective 10/2/2020).  This long-awaited notice provides a detailed definition of the types of transactions that SBA considers to be “changes of ownership” in situations where the borrower has a PPP loan.  It also sets out  the requirements that apply to a lender’s approval of such transactions, including those situations where SBA’s prior approval is required. Read More >     

(October 2 3 PM EDT) SBA provides information from the Internal Revenue service related to how loan forgiveness amounts will be handled for tax purposes:

IRS Announcement:  Information Reporting Requirements for Paycheck Protection Program Loans Forgiven under the CARES Act Announcement 2020-12

When all or a portion of the stated principal amount of a covered loan is forgiven because the eligible recipient satisfies the forgiveness requirements under section 1106 of the CARES Act, an applicable entity is not required to, for federal income tax purposes only, and should not, file a Form 1099-C information return with the IRS or provide a payee statement to the eligible recipient under section 6050P of the Code as a result of the qualifying forgiveness. The filing of such information returns with the IRS could result in the issuance of underreporter notices (IRS Letter CP2000) to eligible recipients, and the furnishing of such payee statements to eligible recipients could cause confusion. This announcement is intended to prevent any such confusion.

(September 24 8:30 EDT)  SBA issues Procedural Notice 5000-20049, Further Guidance on the Implementation of Section 1112 of the CARES Act Subsidy for Certain Loan Payments, for the 7(a) and 504 Programs. The notice reminds lenders of upcoming deadlines related to borrower eligibility for loan payments under Section 1112, including the requirement that a 7(a) loan be fully disbursed to the borrower by September 27. That date falls on Sunday, and will not be extended to Monday, but lender reporting on loan disbursements via E-Tran may occur after September 27.  Standard 1502 reporting requirements apply.  [SOP  50 10 5(K), pp. 260-261; SOP 50 10 (effective October 1), pp. 62-63.]  Different deadlines apply to Section 1112 payments on Community Advantage Recovery Loans and 504 Loans.  See notice for additional important information

(August 24 5 PM EDT) – IFR #24, Treatment of Owners and Forgiveness of Certain Nonpayroll Costs, provides additional information regarding PPP loan forgiveness requirements related to:  (1) owner-employees with less than a 5% ownership stake in a C- or S- Corporation; and, (2) treatment of non-payroll costs, including amounts attributable to the business operations of a tenant or sub-tenant of the PPP borrower, and rent payments made to a related 3rd party.

(August 13 7:15 AM EDT)  SBA’s systems’ issue which had impacted CAFS and ETRAN has been resolved.

(August 12 4:45 PM EDT) SBA’s Office of the Chief Information Officer has advised that a current circuit outage is affecting CapAccess Systems including CAFS and ETRAN.  The Agency is working to resolve the issue and NAGGL will notify members when we hear that service has been restored.

(August 11 9 PM EDT) – New guidance and information issued by Treasury/SBA:

  • IFR #23, Appeals of SBA Loan Review Decisions Under the PPP, informing PPP borrowers and lenders of the process for a PPP borrower to appeal SBA PPP loan review decisions to SBA’s Office of Hearings and Appeals.

  • FAQ #s 50 & 51 re: payment or nonpayment of fees to agents or other third parties having no impact on SBA guarantee or payment of fee by SBA to lender; and inclusion of vision and dental and benefits as part of group health care benefits.

  • Forgiveness FAQ – new section including 3 questions relating to Economic Injury Disaster Loans.

  • PPP loan approval data through 8/8 showing a total of 5,212,128 PPP loan approvals totaling $525,012,201,124 (net) made by 5,460 lenders.  Additional detailed data included in the report (view/download data).


(August 7) Reminders for lenders:

  • As noted immediately below, PPP lending sunsets Saturday, August 8, 2020 at 11:59 PM EDT

  • NAGGL expects SBA to provide final PPP loan statistics and borrower information soon after the program ends, so lenders have only the next few days to correct any loan errors or to update individual loan records to reflect, for example, loan cancellations

  • On Sunday, August 9 lenders should expect E-Tran/CAFS to be unavailable for a few hours (likely in the afternoon EDT) for SBA to perform routine maintenance

  • On Monday, August 10, the PPP Forgiveness Platform will become available for lenders to submit PPP forgiveness applications

  • Expect additional guidance from SBA on loan forgiveness, processing change of ownership transactions for PPP borrowers, etc.


(August 6) SBA issues reminder that, “under current law, SBA will not be able to process any new PPP loan applications as of Saturday, August 8, 2020 at 11:59pm EDT”.

(August 4) SBA releases a new separate FAQ document, Frequently Asked Questions (FAQs) on PPP Loan Forgiveness. The 10-page document divides the questions by topic: General Loan Forgiveness (3 FAQs); Loan Forgiveness Payroll Costs (8 FAQs); Loan Forgiveness Nonpayroll Costs (7 FAQs); and, Loan Forgiveness Reductions (5 FAQs).

(July 29) SBA releases Procedural Notice 5000-20041: Further Guidance on the Implementation of Section 1112 of the CARES Act,Subsidy for Certain Loan Payments, for the 7(a)Loan Program >

Read NAGGL's Brief Summary > 

(July 23) SBA releases Procedural Notice 5000-20038: Procedures for Lender Submission of Paycheck Protection Program Loan Forgiveness Decisions to SBA and SBA Forgiveness Loan Reviews.

Read NAGGL's Update >

(July 16) Tune in on Friday, 7/17 at 10:30 AM EDT for the House Small Business Committee hearing on Oversight of the Small Business Administration and Department of Treasury Pandemic ProgramsRewatch >

(July 15) SBA releases temporary changes to Community Advantage Recovery Loans. Read the official publication > 

(July 14) NAGGL wants to remind members that Colson frequently publishes on its website additional information regarding loan activities involving Fiscal and Transfer Agent (FTA) related activities. We encourage lenders to visit the Colson website and use the “download” tab or log into your Colson account to access current information.  

(July 13 7 PM EDT) SBA Notice 5000-20036, Updated Paycheck Protection Program Processing Fee Payment and 1502 Reporting Process (effective 7/13/2020), updates Notice 5000-20028 (5/21/1010) regarding the reporting process for PPP loans and SBA’s payment of the loan processing fee.  Per this notice, the first monthly PPP 1502 report is due on or before July 15, however, for this month only, SBA will allow a 2-day grace period.   

(July 7 10:30 AM EDT) SBA Notice 5000-20035, Extension of Authority to Guarantee Paycheck Protection Program Loans, extends, through 8/8, the authority of PPP-only lenders to make loans under the program.

(July 6 11:30 AM EDT) SBA has provided additional data regarding PPP loan approvals, including data by lender, by state, by industry, etc., as well as individual loan data for loans over $150,000 (view/download data).  Information from SBA includes: press releasePPP loan results and explanation of released data.  

(July 6 10 AM EDT) SBA just officially announced that E-Tran is now accepting PPP loan applications as authorized by S. 4116 (enacted 7/3/2020) which extended the authority for PPP loan commitments from 6/30/2020 to 8/8/2020.

(July 4) President signs bill (S. 4116) to extend the Paycheck Protection Program to 8/8.

(July 1 8 PM EDT) The Hill passes bill to extend PPP to 8/8; now awaits President's signature. Read full release > 

(June 29  6 PM EDT) Urgent reminder:  E-Tran processing of PPP loans will end tomorrow night, Tuesday, June 30 at 11:59 PM EDT, regardless of the time zone in which a lender or borrower is physically located.  In order to meet that deadline, a PPP loan must be approved by SBA (i.e., entered into E-Tran AND an SBA loan number issued) prior to that cut-off.  

(June 29) SBA’s Office of Financial Assistance has rescheduled their 7(a) Connect Call on July 14 at 3 PM EDT.  Pre-registration is required >

(June 26 7 PM EDT) SBA and Treasury release additional guidance -  How to Calculate Loan Amounts > 
New question #10 on calculations for new self-employed individuals & revised questions 1, 2, 4, 5, 6, and 7 to reflect PPPFA

(June 26) SBA’s Office of Financial Assistance is having a 7(a) Connect call on July 7 at 3 PM EDT.  Pre-registration is required >

(June 25 7 PM EDT) SBA releases IFR #22 – Certain Eligible Payroll Costs (Fishing Boat Owners).   

(June 25 7 PM EDT) Treasury publishes FAQ #49 re: maturity date of PPP loan > 

(June 25) SBA/Treasury release updated versions of the PPP Borrower Application and PPP Lender Application.

(June 24 11:00 AM EDT) SBA releasesIFR #21 – Additional Eligibility Revision to First Interim Final Rule removing additional eligibility restrictions for PPP applicants with criminal history.   

(June 23) NAGGL provides highlights of IFR #20 >

(June 22 10:00 PM EDT) SBA releases IFR #20 - Revisions to Loan Forgiveness and SBA Loan Review ProceduresMore information from NAGGL to follow. 

(June 22) New PPP lending summary as of 6/20 -

# of Loans Approved: 4,666,560 
Net Dollars Approved: $514,939,789,916
Remaining Program Funds: ~$128,355,981,685*

(June 19 7 PM EDT) SBA releases Procedural Notice 5000-20032The notice informs PPP Lenders how loan proceeds must be used to refinance SBA Economic Injury Disaster Loans (EIDL). The notice also informs PPP Lenders of the procedure for remitting to the SBA any PPP loan proceeds designated for the refinance of an EIDL.

(June 19 7 PM EDT) SBA and Treasury announce enhanced transparency regarding the Paycheck Protection Program. Read Press Release >

(June 19) SBA announces availability of Lender Match to connect small businesses and non-profits seeking PPP and other SBA-backed loans with CDFIs and other small or non-traditional lenders. Read Press Release > 

(June 17 8:30 AM EDT) SBA and Treasury release IFR # 19 - Revisions to the Third and Sixth Interim Final Rule >

(June 17 8:30 AM EDT) SBA and Treasury Announce New EZ and Revised Full Forgiveness Applications for the Paycheck Protection Program >

EZ Forgiveness Application >

Full Forgiveness Application >

(June 12 7:30 EDT - UPDATED June 17) SBA and Treasury issue joint press release and release  IFR #18 - Additional Revisions to First Interim Final Rule; new borrower and lender application forms. 

(6-12) Revised Borrower Application >

(6-12) Revised Lender Application >

(June 15) Administrator Carranza Letter re serving underserved and disadvantaged communities with PPP loans > 

(June 12) SBA has asked NAGGL to share the following information:  SBA Loan Capital Access Financial Systems (CAFS) including E-Tran and SBA Connect (a.k.a the Lender Gateway) will be temporarily offline for system maintenance on Saturday night June 13, 2020 from 8 p.m. EDT to 11:59pm EDT.

(June 12)  SBA Notice 5000-20029Guidance on Establishing Maturities of New 7(a) Loans Eligible to Receive Payments under Section 1112 of the CARES Act(6/11/1010) requires lenders to set the loan maturity for any new 7(a) loan (excluding PPP) as traditionally required based on the borrower’s ability to repay, the use of proceeds and the useful life of the assets being financed.  The notice prohibits lenders from intentionally shortening loan maturities in order to allow payments made by SBA on new 7(a) loans under Section 1112 of the CARES Act to pay all or a substantial portion of the loan. See notice for full details and additional information regarding interplay between PPP and Express Bridge Loans. 

(June 11 – updated 1:30 PM EDT)  IFR #17, Paycheck Protection Program – Revisions to First Interim Final Rule, which modifies IFR #1 now has been posted to both the Treasury and SBA websites.  We still are waiting for additional formal guidance from SBA, including new borrower and lender loan application forms.  Material that is circulating now may be further updated.  Watch for more information from NAGGL when SBA/Treasury make a formal announcement, possibly in the form of a press release.   

IFR #17 – Revisions to First Interim Final Rule

(June 10 @ 9 AM) Tune in to today’s 10 AM EDT hearing on Implementation of Title I of the CARES Act before the Senate Small Business Committee—both Administrator Carranza and Secretary Mnuchin will be testifying on PPP implementation. Watch Live >

(June 9 6:30 PM EDT)  SBA Releases Paycheck Protection Program (PPP) Lending Operations Update

1. Clarification on 5 year maturity with Flexibility Act: Based on the enactment of the Paycheck Protection Program Flexibility Act of 2020, the maturity of all loans approved on or after June 5, 2020 will be for 5 years. The SBA E-Tran loan system has been updated to reflect that all loans will automatically reflect the 5 year maturity when submitted and approved. Loans approved and/or funded prior to June 5, 2020 with the 2 year maturity may be extended by the lender and borrower mutually agreeing to a 5 year maturity. Formal guidance on the changes to the CARES Act are forthcoming from SBA.

2. Tips to ensure your financial institution receives PPP processing fees:

  • Submit your PPP 1502 report to SBA in accordance with SBA Procedural Notice on 1502 reporting.  

  •  Ensure your ACH information (including routing transmittal number (RTN)) is correctly reflected in the FTA Lender Portal (see the above Procedural Notice for instructions).

  •  Check the 1502 Dashboard frequently for any errors that must be corrected.

3. Question-specific resources available to all PPP lenders:

SBA continues to actively monitor PPP loan systems and will continue to provide updates to the PPP lending community.

(June 8 10 AM EDT)  IVES Returns to Partial Service – IRS has advised that it still is working to restore tax verification services and will open fax lines for 3 days – 6/8 to 6/11 (ending at 11 am EDT).  Click here for full IRS notice and mandatory-use fax numbers.  Read IRS Release > 

(June 8) Joint Statement by SBA Administrator Jovita Carranza and U.S. Treasury Secretary Steven T. Mnuchin Regarding Enactment of the Paycheck Protection Program Flexibility Act >

(June 5 7 PM EDT) SBA/Treasury publishes IFR on Eligibility of Certain Telephone Cooperatives > 

(June 4 3 PM EDT) Document bearing title SBA Procedural Notice 5000-20029 (June 1), Lender Remittance of EIDL Refinance Proceeds to SBA, distributed in error
SBA does intend to provide additional guidance regarding the handling of Economic Injury Disaster Loans (EIDLs) obtained by PPP borrowers.  But, the notice that will provide that information is still in process and will not be issued for a day or two.  In the meantime, SBA has advised that the document noted above was circulated in error and should be disregarded.        

(June 3) NAGGL’s President & CEO, Tony Wilkinson, presents remarks at the Pandemic Response Accountability Committee (PRAC) public Listening Forum: Stakeholder Perspectives on Federal COVID-19 Spending and Response.

Watch the Recording >

Read NAGGL's Written Testimony >

(May 28 2 PM EDT) SBA and Treasury Department Announce $10 Billion for CDFIs to Participate in the Paycheck Protection Program >

(May 26) PPP Update from SBA

SBA and Treasury want to remind the PPP lending community of the following items:

  • SBA sent the attached message from Bill Manger to all PPP lenders via the CLS secure messaging service this afternoon. As a reminder, the Authorizing Official (AO) at your financial institution receives the CLS messages. The message was a reminder to resolve any loans that are marked as research in your PPP loan portfolio if you have not already done so.
  • SBA wants to call attention to the attached 1502 Procedural Notice released last week. The Procedural Notice explains the 1502 reporting process and the procedure that PPP Lenders will use for SBA payment of the processing fee to Lenders.

(May 22 10:45 PM EDT) SBA/Treasury releases two Interim Final Rules

IFR on Loan Forgiveness > Official Publication in Federal Register (5/30) >

IFR on Loan Review Procedures and Related Borrower Responsibilities >  Official Publication in Federal Register (5/30) > 

(May 21 11:30 AM EDT) SBA releases Procedural Notice on Lender Processing Fee Payment and 1502 Reporting Process >
The Notice provides instructions regarding 1502 reporting and the payment of lender processing fees for PPP loans. Because of inquiries that NAGGL has received regarding this notice, we want to remind lenders of two critical requirements that are part of those instructions:  (1) each lender must provide ACH credit information including routing number for an account owned by the lender; and, (2) must make a one-time blanket confirmation that ALL PPP loans for which the lender is requesting a processing fee have been fully disbursed on the disbursement dates and in the amounts reported.  Failure to accurately provide all of this information may result in delays in receiving processing fees from SBA. 

 (May 21 11:30 AM EDT) SBA releases Notice 5000-20028 Procedural Notice on Lender Processing Fee Payment and 1502 Reporting Process >

The purpose of this Notice is to inform Paycheck Protection Program (PPP) Lenders of the reporting process through which PPP Lenders will report on PPP loans and collect the processing fee on fully disbursed loans which they are eligible to receive.

(May 20)  NAGGL submits letters to SBA regarding Interim Final Rules:

Letter submitted to SBA on IFR # 3 >

Letter submitted to SBA on IFR # 4 >

Letter submitted to SBA on IFR # 5 >

Letter submitted to SBA on IFR # 6 >

Letter submitted to SBA on IFR # 7 >

Letter submitted to SBA on IFR # 8 >

Letter submitted to SBA on IFR # 9 >

(May 20 9:00 PM EDT) SBA/Treasury release IFR # 13 - Second Extension of Limited Safe Harbor with Respect to Certification Concerning Need for PPP Loan and Lender Reporting >

(May 19 6:30 PM EDT) Treasury FAQ # 48 extends deadline for lenders to upload initial 1502 reporting information

48: Question:  What is the deadline for lenders to complete the initial SBA Form 1502 reporting process?  

Answer: SBA is extending the deadline for lenders to submit the initial SBA Form 1502.  Under SBA’s interim final rule on disbursements, posted April 28, 2020, lenders must disburse PPP loans within 10 calendar days of loan approval; a loan is considered approved when the loan is assigned a loan number by SBA.  That interim final rule also provides that loans for which funds have not been disbursed because a borrower has not submitted required loan documentation within 20 calendar days of loan approval shall be cancelled by the lender.  Previously, the deadline for lenders’ submission of the initial SBA Form 1502 reporting information was May 22, 2020.23  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.  This extension of the timeline for the initial SBA Form 1502 reporting information will be promptly implemented through revisions to SBA’s interim final rules providing an extension to the certification safe harbor and the deadline for SBA Form 1502 reporting.

(May 15, 7:30 PM EDT) SBA / Treasury release PPP Loan Forgiveness Application (Form 3508)

11-page application >

SBA Press Release >

(May 15) NAGGL provides Comment Letters on first two PPP Interim Final Rules

Letter submitted to SBA on IFR # 1 >

Letter submitted to SBA on IFR # 2 >



Paycheck Protection Program (PPP) Lending Operations Update – Thursday, May 14, 2020

  1. SBA is launching a new search functionality within the E-Tran Servicing section of the Capital Access Financial System (CAFS). This tool will help PPP lenders review loans in their portfolios. SBA has marked some loans in some lender portfolios as requiring further research. Loan files appearing in “research” status require review by the lender.

    Lenders should review all fields in these files for accuracy and completeness including Borrower Name, Borrower EIN and/or Borrower SSN. If necessary, lenders should contact borrowers to determine whether a loan should be cancelled.  

    Please complete your review and make necessary changes no later than 5 PM EDT on Friday, May 15, 2020. Instructions on how to access CAFS and update records in “Research” status are attached.
  2.  SBA has also implemented changes by which it receives PPP loan data from lenders via E-Tran. Business type will now determine whether a loan application should be submitted with either an SSN or EIN.
  3. An SSN can no longer be used in place of a primary TIN for types of businesses that require an EIN.

SBA and Treasury continue to actively monitor PPP loan systems and will continue to provide updates to the PPP lending community.




(May 13 @ 5:00 PM EDT) Interim Final Rule #10: Business Loan Program Temporary Changes; Paycheck Protection Program – Loan Increases


(May 13 @ Noon EDT) SBA/Treasury add new FAQ - #46How will SBA review borrowers’ required good-faith certification concerning the necessity of their loan request?

NOTE: Per this FAQ, only loans over $2 million will have their required good-faith certifications reviewed.  For loans of less than $2 million, SBA will deem the borrower’s “certification concerning the necessity of the loan request [to have been made] in good faith”.

(May 12 @ 8:00 PM EDT) NAGGL and CBA send letter to SBA/Treasury outlining key concerns regarding PPP forgiveness >

(May 11 @ 7:00 AM EDT) PPP loan report (as of May 8) >

(May 10 @ 6:00 PM EDT)  SBA publishes Interim Final Rule, Extension of Limited Safe Harbor with Respect to Certification Concerning Need for PPP Loan Request

Amends IFR #4 to extend to May 14 the date by which PPP borrowers can return loan proceeds with no penalty [safe harbor]. Also amends IFR #6 to extend from May 18 to May 22, the date by which lenders must submit their initial SBA Form 1502 reports on PPP loans.  [There will be a specialized 1502 report form for PPP loans.]

(May 7 @ Midnight)  Notice 5000-20025, Temporary Increase in Maximum SBA Express Loan Size and Fee Relief for SBA Express Loans to Veterans 

SBA announced its implementation of two additional provisions in the CARES Act which took effect on the date the Act was signed into law, March 27, 2020:

-- Section 1102(c) temporarily increased the SBA Express maximum loan amount from $350,000 to $1 million.  This temporary increase automatically expires after December 31, 2020.
-- Section 1102(d) permanently set the upfront guaranty fee for SBA Express loans to veteran-owned small businesses at zero.


(May 5 @ 8:30 PM EDT) SBA publishes IFR - Nondiscrimination and Additional Criteria > 


(May 5 @ 7:00 PM EDT) Treasury publishes 1 new FAQ >

(May 5 @ 10:00 PM EDT) Treasury publishes 1 new FAQ>

(May 5 @ 7:00 PM EDT) Treasury publishes 1 new FAQ>

(May 3 @  11:00 PM EDT) Treasury publishes 3 new FAQ >


(May 6 @ 5:00 PM EDT) SBA releases updated PPP Loan Data as of 5/6/2020 >

(May 3) SBA/Treasury release press statement re: PPP success and program data report (through May 1)

(May 1 5:50 PM EDT) SBA notice provides guidance on procedures to complete whole sales of PPP loans between participating lenders

Procedural Notice 5000-20024 >

(April 30) Federal Reserve Expands Access to Its Paycheck Protection Program Liquidity Facility (PPPLF) to Additional Lenders, and Expands the Collateral That Can Be Pledged

(May 1) IRS Notice regarding the deductibility for Federal income tax purposes of certain otherwise deductible expenses incurred in a taxpayer’s trade or business when the taxpayer receives a PPP loan


(April 29) SBA publishes procedural notice on Section 1112 payments >

April 29 12:15 PM EDT) Paycheck Protection Program (PPP) Lending Operations Update – Wednesday, April 29, 2020
From SBA (emphasis added)

"SBA and Treasury value all lenders and their small business customers.

"To ensure access to the PPP loan program for the smallest lenders and their small business customers, starting at 4 p.m. today EDT through 11:59 p.m. EDT, SBA systems will only accept loans from lending institutions with asset sizes less than $1 billion dollars

"Please note, lending institutions with asset sizes less than $1 billion will still be able to submit PPP loans outside of this time frame. Please also note that lenders with asset sizes greater than $1 billion will be able to submit loans outside of today’s 4pm -11:59 pm EDT reserved processing time.

"This reserved processing time applies today April 29, 2020. SBA and Treasury will evaluate whether to create a similar reserved time again in the future. 

"SBA and Treasury continue to monitor loan system performance and will continue to provide frequent updates to the lending community."          


April 29 AM

URGENT MESSAGE Regarding loans entered into E-Tran on April 27 prior to 10:30 am (EDT)

SBA’s Capital Access Financial Systems (CAFS) team has advised that loans entered into E-Tran before 10:30 am (EDT) on Monday April 27 were NOT funded.  If you have one of those loans, you will need to log into the web screens to resubmit the loan for SBA approval. CAFS Hotline: 833-572-0502


Q1:  Does this impact loans submitted for batch processing via the XML process prior to that time? 
A1:  No, it does not.

Q2: How can a lender identify a loan submission affected by this?
A2: Lenders would know because NO LOAN NUMBER would have been issued.

Q3: Did the entire loan record(s) disappear in E-Tran or have E-Tran numbers been withdrawn?  Does this mean lenders need to go back and look at all their E-Tran loan files?
A3: An affected application would have been submitted into E-Tran prior to 10:30 on Monday, April 27 and would remain in the IP (in process) status.


(April 28 11:25 am EDT) PPP Lending Operations Update – Tuesday, April 28, 2020

SBA and Treasury value all lenders and their small business customers.

For the benefit of small business customers and their employees, SBA and Treasury are working on ways to optimize the loan processing system.

Starting today, Robotic Processing Automation (RPA), which are robotic systems used by some banks to mimic human data entry, may not be used to submit Paycheck Protection Program loans into SBA’s E-Tran loan system.  

RPAs burden the processing system and diminish its capabilities. Without RPAs, the loan processing system will be more reliable, accessible, and equitable for all small businesses.    

Application Programing Interface (APIs) will still be permitted. If you are a lender who needs assistance converting your submission process to a non-RPA API, contact Sheri McConville



(April 27 Noon EDT) Just received information from SBA: PPP Lending Operations Update - Monday, April 27

"SBA and Treasury have updated the guidance for lenders who have received a significant amount of Paycheck Protection Program (PPP) loan applications.

The minimum amount of lender-approved and SBA-ready PPP loans that a lender must have ready for the XML file submission process is now 5,000 loans.

Please note these XML files of 5,000 or more approved PPP loans must be submitted to SBA by 9pm EDT on Monday, April 27, 2020.

SBA and Treasury value all lenders and their small business customers and will continue to provide updates to the PPP lending community as loan processing resumes this week."

Updated info on XML submission guidance >

(April 26 1:50 PM EDT) Just received information from SBA: PPP Lending Operations Update


"Due to the unprecedented demand for Paycheck Protection Program loans by the nation’s small businesses and to ensure equitable access and system integrity, SBA and Treasury are taking prudent and reasonable steps to protect SBA’s loan systems for the next phase of PPP loan processing.

"SBA and Treasury are implementing the following measures:

  • Pacing the number of loans processed in the E-Tran system for participating lenders when processing resumes on Monday, April 27, 2020 at 10:30 am EDT;
  • Instituting a maximum dollar amount at 10% of PPP funding authority that any lending institution will be able to originate, exclusive of the additional $60 billion preserved for lenders with assets under $50 billion (i.e. $60 billion cap);
  • Implementing operational standards to ensure that lenders access PPP funds based on their asset size;
  • Ensuring the Paycheck Protection Program continues to operate on a first-come, first-serve basis so that every small business has access to PPP loans to sustain their business and retain their employees; and
  • Issuing the following guidance (memo attached) for lenders who have received a significant amount of loan applications.

"SBA and Treasury value all lenders and their small business customers and will continue to provide updates to the PPP lending community as loan processing resumes this week."

SBA XML submission guidance for PPP loans >



Lender Assistance Hotline: (833) 572-0502
SBA PPP site >

(April 30 11:30 AM EDT) SBA publishes IFR on Corporate Groups and Non-Bank and Non-Insured Depository Institutions >

(April 29) SBA publishes procedural notice on Section 1112 payments >

(April 28 @ 8:40 PM EDT) SBA publishes Interim Final Rule: PPP - Requirements - Disbursements >

(April 28) SBA publishes Interim Final Rule: PPP Requirements >
Promissory Notes, Authorizations, Affiliation, and Eligibility

(April 28) SBA/Treasury announce PPP loans in excess of $2 million (& others as appropriate) will be reviewed during 'forgiveness' process

(April 27) SBA publishes Interim Final Rule: Additional Criterion for Seasonal Employers >

(April 24 @ 10:00 PM EDT) SBA/Treasury Releases Additional PPP Guidance - How to Calculate Maximum Loan Amounts - by Business Type >

(April 24 @ 10:50 AM EDT)  Interim Final Rule:Business Loan Program Temporary Changes; Paycheck Protection Program Requirements –Promissory Notes, Authorizations, Affiliation, and Eligibility>

(April 14 @ 1:15 PM EDT) 
Interim Final Rule: PPP - Additional Eligibility Criteria and Requirements for Certain Pledges of Loans 

(April 3 @ 11:00 PM EDT) 
Interim Final Rule: PPP - Affiliation Guidance 

(April 2 @ 6:47 PM EDT) 
Interim Final Rule: Paycheck  Protection Program     

 Department of the Treasury PPP site >

(April 29 Midnight EDT) Treasury publishes 1 new FAQ >

(April 29) Treasury publishes 1 new FAQ >

Q#38 Addresses PPP eligibility for existing businesses with a change in ownership after 2/15

(April 28) Treasury publishes 1 new FAQ >
Q#37: Do businesses owned by private companies with adequate sources of liquidity to support the business’s ongoing operations qualify for a PPP loan?

(April 26 @ Noon EDT) Treasury adds another FAQ >

Q#36 on definition of employee for loan purposes & loan forgiveness

(April 24 @ 4:50 PM EDT) Treasury publishes 4 new FAQ >

Housing stipend; principal residence in US; Ag producer, farmer, rancher eligibility 

(April 23 @ 10:07 AM EDT) Treasury publishes new FAQ >

Adds Q#31: Do businesses owned by large companies with adequate sources of liquidity to support the business’s ongoing operations qualify for a PPP loan?




(April 28 @ 8:40 PM EDT) SBA publishes Interim Final Rule: PPP - Requirements - Disbursements >

(April 28) SBA publishes Interim Final Rule: PPP Requirements >
Promissory Notes, Authorizations, Affiliation, and Eligibility

(April 28) SBA/Treasury announce PPP loans in excess of $2 million (& others as appropriate) will be reviewed during 'forgiveness' process

(April 27) SBA publishes Interim Final Rule: Additional Criterion for Seasonal Employers >

(April 24 @ 10:00 PM EDT) SBA/Treasury Releases Additional PPP Guidance - How to Calculate Maximum Loan Amounts - by Business Type >

(April 24 @ 10:50 AM EDT)  Interim Final Rule:Business Loan Program Temporary Changes; Paycheck Protection Program Requirements –Promissory Notes, Authorizations, Affiliation, and Eligibility>

(April 24 @ 10:00 PM EDT) SBA/Treasury Releases Additional PPP Guidance - How to Calculate Maximum Loan Amounts - by Business Type >

(April 25 @ 2:28 PM EDT) CLARIFICATION FROM TREASURY on loan calculation guidance:  In FAQ 17, we note that “Borrowers and lenders may rely on the laws, rules, and guidance available at the time of the relevant application.”  In this case, the relevant application is the borrower application.  So any applications received prior to these calculation FAQs do not require re-calculation.

(April 24 @ 4:50 PM EDT) SBA releases Procedural Notice on Participation Sales of PPP Loans

(April 24 @ 4:00 PM EDT) SBA will resume accepting PPP loan applications on Monday, April 27 at 10:30 AM EDT. Read SBA's Press Release >

(April 23 @ 5:40 PM EDT) House passes $484B coronavirus relief package >

(April 23 @ 10:50 AM EDT) Treasury publishes new FAQ

"#31: Question: Do businesses owned by large companies with adequate sources of liquidity to support the business’s ongoing operations qualify for a PPP loan? 

"Answer:  In addition to reviewing applicable affiliation rules to determine eligibility, all borrowers must assess their economic need for a PPP loan under the standard established by the CARES Act and the PPP regulations at the time of the loan application. Although the CARES Act suspends the ordinary requirement that borrowers must be unable to obtain credit elsewhere (as defined in section 3(h) of the Small Business Act), borrowers still must certify in good faith that their PPP loan request is necessary. ... Lenders may rely on a borrower’s certification regarding the necessity of the loan request. Any borrower that applied for a PPP loan prior to the issuance of this guidance and repays the loan in full by May 7, 2020 will be deemed by SBA to have made the required certification in good faith."

NAGGL REMINDS LENDERS that when a loan is canceled prior to disbursement, the funds allocated for that loan go back into the program and become available to fund loans for other eligible applicants. So if you have any loans that should not be disbursed based on new FAQ #31, NAGGL urges you to cancel them through E-Tran immediately. If a loan has been disbursed and must be repaid based on this FAQ, those funds will be lost to the program and will not benefit other borrowers. Stay tuned for more guidance from SBA on canceling loans in E-Tran!

(April 22 @ 9:37 am EDT) Update from NAGGL CEO: Senate Passes Additional PPP Funding; Creates Crisis for 7(a) Program >

(April 21) Another key SBA lending program jeopardized by bailout chaos (Politico) >

***UPDATED April 17, 6:15 pm EDT   Procedural Notice released:  5000-20020 ***-- updated to add a paragraph for revolving lines of credit and clarify the 504 borrower fees paid.  

Section 1112 Gross Loan Payment Amounts - Blank Template - MANDATORY Format >

(April 17 @ 2:09 pm EDT) SBA PPP statistics >

(April 16, 6:15 pm EDT) Implementation of Section 1112 of the CARES Act, Subsidy for Certain Loan Payments for the 7(a) and 504 Loan Program

The notice contains guidance regarding SBA’s payment to lenders and CDCs of 6 months of principal, interest and “associated fees” for borrower with “covered loans” in “regular servicing status” (including loans currently on deferment), as defined in the notice.  

(April 16) Federal Reserve announces its Paycheck Protection Program Liquidity Facility is fully operational and available to provide liquidity to eligible financial institution

(April 15 @ 9:00 PM EDT) IMPORTANT: Update on from SBA on Paycheck Protection Program (PPP) Funding

(April 15 9:37 PM EDT) SBA/Treasury Press Release >

(April 15 @ 6:30 PM EDT) NAGGL sends letter to House and Senate leadership requesting to separate 7(a) commitments from PPP commitments. Read the Letter >

(April 15)
NAGGL received the following message from SBA to share with our members:
In the near future, SBA expects the amount of processed PPP loan volume to reach the maximum amount authorized and appropriated by Congress. Once the authorization limit is reached, SBA will not be able to accept any new loan applications for the Paycheck Protection Program.
This will mean that lenders will no longer be able to load PPP applications into the Capital Access Financial System (CAFS or E-Tran) [the Lender Gateway]. SBA is unable to maintain a queue for PPP applications. Further, PPP loan amounts may not be adjusted by lenders within the CAFS system.
Additionally, once the authorization limit is reached, SBA will no longer be able to accept new lender applications to become PPP lenders. 
SBA is reaching out to the lending community to make them aware of this eventuality so that they may prepare and inform their small business customers of the situation.
SBA will continue to inform its lending partners of new updates should Congress authorize additional funds. 

(April 14 @ 5:55 PM EDT) Through April 13, SBA has guaranteed 1,035,086 loans under the PPP for $247,543,393,521

Handling Payments Due Now on Existing 7(a) Loans
Many NAGGL members have requested guidance regarding how they should handle payments on existing 7(a) loan that would be due now or will come due in the very near future.  As lenders are well aware, we are waiting for guidance regarding the implementation of Section 1112 of the CARES Act.  That section authorizes the government to make six months of complete loan payments on SBA-backed loans.  Although we have NOT received any guidance on this point, because of the uncertainty regarding how this program will be implemented on a practical basis, NAGGL suggests that lenders may want to consider postponing collecting payments that would otherwise be due beginning April 1 up to the date that SBA issues guidance regarding the implementation of this initiative.  Once the SBA guidance is received, lenders will be in a better position to determine how to proceed in a way that will be most beneficial to borrower, and less burdensome on lenders.


 NEW USERS must go through the security protocol to receive a user ID and password. That  protocol can be found in these links:                                               
  CAFS >                                         Create a new account >                
  Some instructions >


E-Tran Pro Tip: Be careful when entering passwords to E-Tran. Encourage your team members to enter passwords carefully.

Repeated attempts to enter a password into the system can result in temporary account suspension(due to security protocols) requiring password reset.

(April 13 @ 4:30 PM EDT) SBA + Treasury publish updated FAQ 
Questions 22-25 added: info on $10 million cap for  franchises; for hotels, restaurants (NAICS 72xxx); beneficial ownership under BSA

(April 11)


The system will undergo scheduled maintenance on Saturday, April 11, 2020, from 12:01 a.m. EDT until 6:00 a.m. EDT (Friday night)
The Capital Access Financial System (CAFS) and the Lender Gateway located at will not be accepting loans during this time. 
During this timeframe, new lenders seeking approval to participate in the program may continue to submit their applications to the appropriate email account. 
•             Non-Bank Lender (fin tech) applications to
•             Federally insured banks, credit unions and farm credits applications to 


(April 10 @ 8:00 PM EDT) Update on PPP Funding from NAGGL CEO - Read the Article >

(April 9 @ 1:50 PM EDT) Paycheck Protection Program: Should Lenders Proceed to Close PPP Loans? Read the Article >

(April 9 10:42 AM EDT) Federal Bank Regulators Issue Interim Final Rule for Paycheck Protection Program Facility 

(April 9 @ 2:30 PM EDT) More than 480,000 loans valued at more than $124 billion were approved 

(April 9 9 9:25 AM EDT - PLEASE NOTE - SBA approving additional franchise brands (e.g., 7-11, Chick-fil-a, Aaron's with more to come) for PPP purposes only

Increased franchise eligibility for PPP:  Franchises that have not previously been eligible for SBA loans may be eligible for PPP loans, so you cannot rely on previous listings, but will need to check the SBA Franchise Directory for each franchise applicant.  The brands being added to the Directory specifically for the purpose of making them eligible for PPP loans will show the following message in the “notes” column:  “THIS BRAND IS ONLY ELIGIBLE FOR THE PAYROLL PROTECTION PROGRAM (PPP) LOAN PROGRAM, AND WILL ONLY BE LISTED FOR THE DURATION OF THAT PROGRAM.”


(April 8 @ 12:00 PM EDT) SBA reports 362,000 approved PPP loans totaling $95 billion

(April 7 @ 9:00 PM EDT)SBA + Treasury publish updated FAQ >

NOTE:  The FAQ on PPP now carries a date of April 7 and a quick analysis shows that there were changes to language in Question #1

(April 6 @ 7 PM EDT) SBA reports 178,000 PPP loans approved totaling $50 Billion

(April 3 @ 8:00 pm EDT) According to SBA, 1101 participating 7(a) lenders processed 17,503 PPP loans totaling $5,457,256,936 today

(April 3 @ 8:00 pm EDT) E-Tran Access and Security Protocols

SBA advised NAGGL that it is aware of the issues that some lenders are having accessing E-Tran because of security issues. SBA noted that each institution must have an authorizing individual and meet required security protocols, and asked NAGGL to share the following information:  

Here is what SBA is doing NOW to improve this situation while preserving IT infrastructure security.   
1.  SBA is running a software script to enable all lenders that previously had an account with CAFS (Capital Access Financial Systems, which is the portal to E-Tran) to be automatically reactivated.  


(April 2 @ 11:30 AM EDT) UPDATE FROM NAGGL CEO: Additional Guidance Expected Today

(March 29 @ 9:00 PM EDT) UPDATE FROM NAGGL CEO: Comprehensive Summary of CARES Act

Passage of the CARES Act repeals the Interim Final Rule, effective March 27. Affiliation standards revert back to prior standards outlined in the Federal Register Notice on June 27, 2016

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