PPP related information

Return back to the coronavirus resource page:

https://mwcua.com/coronavirus/

To access non-PPP regulatory COVID-19 information, visit:

Regulatory Affairs Resources – Coronavirus

Treasury Department Guidance – PPP Forms, Policy Sample

Treasury IFR for PPP loans under $50,000. In addition to the rule, the agencies released a 2 paged simplifed form as well as instructions

Treasury IFR on Treatment of Owners and Forgiveness of Certain Non-payroll Costs

FAQs on Loan Forgiveness

Frequently Asked Questions

Loan Forgiveness Application Form EZ Instructions

Loan Forgiveness Application Form EZ

Treasury IFR – Revisions to the Third and Sixth Interim Final Rules

Treasury IFR –  on SBA Loan Procedures and Related Borrower and Lender Responsibilities

Treasury IFR – Loan Forgiveness

SBA Procedural Notice – SBA Form 1502 Reporting Process

Treasury IFR – Second Extension of Limited Safe Harbor For Certification of Need For PPP Loan

Treasury IFR – Extension of Limited Safe Harbor with Respect to Certification Concerning Need for PPP Loan Request

SBA Procedural Notice – PPP Loan Participations

Treasury IFR – Loans to Corporate Groups

Documents for lenders participating in the Paycheck Protection Program.

Treasury IFR – Disbursements

Treasury IFR – Additional-Criterion-for-Seasonal-Employers

SBA
UPDATED 4-27-20 – SBA XML Submission Guidance Memo

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
• Paycheck-Protection-Program-Frequently-Asked-Questions
• Interim-Final-Rule-Additional-Eligibility-Criteria-and-Requirements-for-Certain-Pledges-of-Loans
• Sample SBA Procedure for CUs (Worddoc)
• Sample SBA Policy for CUs (PDF)

NCUA

https://www.ncua.gov/regulation-supervision/letters-credit-unions-other-guidance/regulatory-treatment-paycheck-protection-program-loans

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 delegatedauthority@sba.gov

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

 

Information for lenders can always be found at www.sba.gov/paycheckprotection and www.treasury.gov/cares

How to request change to info on sba.gov website: www.sba.gov/support (file a ticket)