We are currently managing significant demand for PPP loan application support.
To assist you effectively, we’ve updated our Support Center to answer the most common inquiries we are receiving. Please reference these articles prior to submitting a Support Ticket. If you do not find an answer to your issue, you will have a chance to submit a Support Ticket.
We appreciate your patience as we work through your issue.Customer Support Center
Last night, May 4, 2021, the SBA informed trade associations that the PPP general fund has been exhausted and is closed to new applications. In connection with this news, we can no longer submit new applications to the SBA.
As you may be aware, a new round of funding for the Paycheck Protection Program (PPP) has been approved as part of the COVID-19 relief package passed by Congress.
New Forgiveness Guidance For Loans $50,000 and Under.
The SBA has released Interim Final Rule 13 CFR Part 120, which clarifies rules for minority business owners and provides some more information for expenses related to home based businesses, sub-leased space, and rent paid to affiliates.
The SBA has released Interim Final Rule 13 CFR Part 134 documenting the process for appealing SBA Loan Review decisions.
The SBA issued a Procedural Notice to all SBA Employees and PPP Lenders that clarifies the process for Lender submission of PPP loan forgiveness decisions to the SBA and SBA forgiveness reviews.
The SBA released a new Interim Final Rule (IFR) #20, entitled Revisions to Loan Forgiveness Interim Final Rule and SBA Loan Review Procedures Interim Final Rule.
The SBA released a revised Loan Forgiveness Application implementing the PPP Flexibility Act of 2020.
The SBA released two interim final rules pertaining to forgiveness of PPP loans.