PPP related information
Return back to the coronavirus resource page:
To access non-PPP regulatory COVID-19 information, visit:
Treasury Department Guidance – PPP Forms, Policy Sample
The SBA has a new lender only call center number of 833-572-0502.
Credit unions that wish to participate in the PPP must submit an application that includes a Form 3506 and an Incumbency Certificate Form 1014. These forms are available here:
- Incumbency Certificate form 1014
- Lender Electronic Data Form
- Final Borrower Application Form
- SBA Fillable Form 3506
- PPP Loan Guaranty Form: https://www.sba.gov/sites/default/files/2020-04/PPP%20Lender%20Application%20Form_0.pdf
- Sample SBA Procedure for CUs (Worddoc)
- Sample SBA Policy for CUs (PDF)
The NCUA unanimously approved an interim final rule that amends the agency’s capital adequacy and member business loans and commercial lending regulations following the creation of the Small Business Administration’s Paycheck Protection Program.
PPP Final Rule. To automatically qualify to make PPP loans, a federally insured credit union must transmit a CARES Act Section 1102 Lender Agreement (SBA Form 3506). New lenders need to submit their application to email@example.com
Here is a more detailed interpretation of the interim rule from CUNA’s CompBlog.
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.
Lender Assistance Hotline: (833) 572-0502
Find a lender tool: https://www.sba.gov/paycheckprotection/find
How to request change to info on sba.gov website: www.sba.gov/support (file a ticket)