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   How does the SBA evaluate a PPP loan application?

   • SBA and the Treasury Department will evaluate each application from a non-bank or non-insured depository institution lender and determine whether the applicant has the necessary qualifications to process, close, disburse, and service PPP loans made with SBA’s guarantee.

   Paycheck Protection Program (PPP) Loans FAQ - Small Business Adminis…

   www.sba.gov/sites/default/files/2021-01/Paycheck-Protection-Program-Frequently-Asked-Questions.pdf

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   Can SBA guarantee a PPP loan?

   • Answer: The payment or nonpayment of fees of an agent or other third party is not material to SBA’s guarantee of a PPP loan or to SBA’s payment of fees to lenders. Additional information about such fees can be found in paragraph III.4.c of the initial Paycheck Protection Program interim final rule (link).

   Paycheck Protection Program (PPP) Loans FAQ - Small Business Adminis…

   www.sba.gov/sites/default/files/2021-01/Paycheck-Protection-Program-Frequently-Asked-Questions.pdf

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   What is the SBA PPP loan forgiveness portal?

   • “The streamlined and efficient SBA PPP loan forgiveness portal will help borrowers and lenders move forward with economic growth and job creation following the pandemic. We encourage other lenders to join Customers Bank and opt-in to the SBA portal.”

   SBA Announces Opening of Paycheck Protection Program Direct Forgiv…

   www.sba.gov/article/2021/jul/28/sba-announces-opening-paycheck-protection-program-direct-forgiveness-portal

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   What if a PPP loan received an SBA loan number?

   • If a PPP loan received an SBA loan number on or after June 5, 2020, the loan has a five-year maturity. If a PPP loan received an SBA loan number before June 5, 21 Questions 46 – 47 published May 13, 2020.

   Paycheck Protection Program (PPP) Loans FAQ - Small Business Adminis…

   www.sba.gov/sites/default/files/2021-01/Paycheck-Protection-Program-Frequently-Asked-Questions.pdf

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2. www.sba.gov › funding-programs › loansPaycheck Protection Program | U.S. Small Business Administration

   www.sba.gov › funding-programs › loans

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   The Paycheck Protection Program (PPP) is a SBA-backed loan that helps businesses keep their workforce employed during the COVID-19 crisis. The PPP ended on May 31, 2021, but borrowers may be eligible for loan forgiveness.

   • PPP Loan Forgiveness

     Borrowers may be eligible for Paycheck Protection Program...

   • First Draw PPP Loan

     PPP is a loan designed to provide a direct incentive for...

   • Second Draw PPP Loan

     For most borrowers, the maximum loan amount of a Second Draw...

   • Get Help With a PPP Loan

     View loan balance and make payments. Create an account in...

   • PPP Lender Information

     On February 22, 2021, President Biden announced the...

   • PPP Data

     SBA is working to ensure fair and equitable access to its...

   • Business Guide

     A locked padlock) or https:// means you’ve safely connected...

   • FAQ for Lenders and Borrowers

     Support. FAQ for PPP Borrowers and Lenders. FAQ for...

3. home.treasury.gov › policy-issues › coronavirusPaycheck Protection Program | U.S. Department of the Treasury

   home.treasury.gov › policy-issues › coronavirus

   • Cached

   Learn about the Paycheck Protection Program (PPP) that provides small businesses with funds to cover payroll, benefits, and other expenses. Find out the eligibility criteria, loan terms, forgiveness rules, and application forms for PPP loans.

4. www.sba.gov › article › 2021SBA Announces Opening of Paycheck Protection Program Direct ...

   www.sba.gov › article › 2021

   • Cached

   Jul 28, 2021 · The SBA is simplifying the forgiveness process for millions of smallest businesses that used PPP loans to survive the pandemic. Borrowers can apply through the portal starting from August 4, 2021, and lenders can opt-in to participate.

5. www.sba.gov › sites › defaultPaycheck Protection Program (PPP) Loans FAQ

   www.sba.gov › sites › default

   A lender does not need a separate SBA Authorization for SBA to guarantee a PPP loan. However, lenders must have executed SBA Form 2484 (the Lender Application Form for the Paycheck Protection Program)6 to issue PPP loans and receive a loan number for each originated PPP loan.