SBA Paycheck Protection Program

The Small Business Administration’s Paycheck Protection Program is intended to deliver much-needed financial relief to the nation’s small businesses affected by the COVID-19 crisis. America’s banks are working in partnership with the federal government to get these new funds to businesses in need as quickly as possible. Learn more about the program, the latest rules and guidelines for lenders to participate and other relevant information below.

News

Article
Three Risk Management Steps to Take Now to Prepare for Post-PPP Scrutiny
June 04, 2020
NewsByte
Stewart Provides PPP Update in NPR Interview
June 04, 2020
NewsByte
Senate Sends PPP Flexibility Bill to President
June 04, 2020
Podcast
Podcast: Behind the Scenes with a Community Bank’s PPP Loans
June 03, 2020

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Government Resources and Guidance

Federal Reserve Board

Federal Reserve Board announces rule change to bolster the effectiveness of the Small Business Administration's Paycheck Protection Program (April 17)

Treasury

SBA

Researching Loan Data (Updated May 14, 2020)
XML File Submission Process for Paycheck Protection Program (April 27)
SBA Standard Loan Note (Form 147)
SBA's Paycheck Protection Program
Interim Final Rule Implementing SBA’s Paycheck Protection Program (April 2)
Form 3506 (to gain PPP lending authority) Note that completed forms can be submitted to [email protected]. (April 4)
Faith-based borrower eligibility (April 4)

FAQ on the SBA Paycheck Protection Program

ABA experts use official guidance to answer bankers’ questions about the SBA PPP program.

Read the FAQ

ABA Resources

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Coronavirus Response

ABA has the latest information to help banks respond to the coronavirus —including several new resources on navigating the SBA's Paycheck Protection Program.

See the Resources

Related Training & Events

Small Business Administration Loans: Options for Helping Your Customers Through the Pandemic
Recorded Webinar | March 26, 2020

Join experts in this free ABA member webinar from the U.S. Small Business Administration’s Office of Disaster Assistance and Office of Capital Access to learn how banks can put SBA programs to use to help their small business customers affected by the coronavirus pandemic.

External Resources and Guidance

U.S. Chamber of Commerce: Coronavirus Emergency Loans Small Business Guide and Checklist

Industry Providers are Supporting Banks Participating in the SBA’s Paycheck Protection Program

Learn about the solutions ABA Endorsed/Strategic Partners and ABA Associate members are providing banks participating in the SBA’s Payment Protection Program.

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Policy Analysis & Advocacy Efforts

Letter to Congress & Regulators
State Bankers Association Letter to Treasury and SBA: De Minimis Threshold – PPP Loan Forgiveness
May 28, 2020
Comment Letter
Response to FDIC NPR on Mitigating the Effects of PPP Lending on Assessments
May 27, 2020
Letter to Congress & Regulators
ABA President and CEO Rob Nichols to Treasury and SBA: PPP Loan Forgiveness
May 7, 2020
Letter to Congress & Regulators
Joint Financial Services Trades Letter to SBA Administrator Carranza: E-TRAN Access Issues
April 28, 2020

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