PPP lender information

SBA is working to streamline the PPP forgiveness application process. Beginning in March 2024, all borrowers applying for forgiveness can use SBA's Direct Forgiveness Portal (DFP). This will ensure a more accessible process for borrowers, no matter loan size. 

All lenders will be required to decision forgiveness applications received through the portal. Lenders who have an established internal process may continue to use it. However, they must also accept DFP applications. When a borrower submits an application their PPP lender will get a notice.

SBA has issued the following Interim Final Rules related to PPP:

2024

• Business Loan Program Temporary Changes; Paycheck Protection Program-Extension of Lender Records Retention Requirements

2021

• Paycheck Protection Program as Amended by the Economic Aid Act
• Paycheck Protection Program Second Draw Loans
• Loan Forgiveness Requirements and Loan Review Procedures as Amended by Economic Aid Act
• Revisions to Loan Amount Calculation and Eligibility
• Paycheck Protection Program as Amended by the American Rescue Plan Act
• COVID Revenue Reduction Score, Direct Borrower Forgiveness Process, and Appeals Deferment
• Borrower Appeals of Final SBA Loan Review Decisions Under the Paycheck Protection Program

2020

• Paycheck Protection Program
• Affiliation Rules
• Additional Eligibility Criteria and Requirements for Certain Pledges of Loans for the PPP
• Promissory Notes, Authorizations, Affiliation, and Eligibility
• Seasonal Employers
• Disbursements
• Requirements – Corporate Groups and Non-Bank and Non-Insured Depository Institution Lenders
• Nondiscrimination and Additional Eligibility Criteria
• Extension of Limited Safe Harbor with Respect to Certification Concerning Need for PPP Loan Request
• Requirements for Loan Increases for Partnerships or Seasonal Employers
• Eligibility of Certain Electric Cooperatives
• Treatment of Entities with Foreign Affiliates
• Second Extension of Limited Safe Harbor with Respect to Certification Concerning Need for PPP Loan and Lender Reporting
• Requirements – Loan Forgiveness
• SBA Loan Review Procedures and Related Borrower and Lender Responsibilities
• Eligibility of Certain Telephone Cooperatives
• Interim Final Rule on Revisions to the First PPP Interim Final Rule
• Additional Revisions to First PPP Interim Final Rule
• Interim Final Rule on Revisions to the Third and Sixth Interim Final Rules
• Revisions to Loan Forgiveness Interim Final Rule and SBA Loan Review Procedures Interim Final Rule
• Additional Eligibility Revisions to First PPP Interim Final Rule
• Certain Eligible Payroll Costs (Fishing Boat Owners)
• Appeals of SBA Loan Review Decisions Under the PPP
• Treatment of Owners and Forgiveness of Certain Nonpayroll Costs
• Additional Revisions to Loan Forgiveness and Loan Review Procedures

• FAQ for PPP Borrowers and Lenders
• FAQ About PPP Loan Forgiveness
• FAQ on Forgiveness Loan Reviews and Guaranty Purchases

• Letter from the Administrator: SBA Guidance on Accessing Capital for Minority, Underserved, Veteran and Women-Owned Business Concerns
• Letter from the Administrator to Lenders re: Underserved Communities

• Expansion of SBA Direct Borrower Forgiveness Platform to Allow Submission of Borrower Forgiveness Applications for All PPP Loans Regardless of Loan Amount and PPP Lender
• Guidance on the Return of Paycheck Protection Program (PPP) Loan Funds
• Extension and Revision of SBA Guidance on Guaranty Purchases and Lender Servicing Responsibilities for PPP Loans
• SBA Loan Reviews of Paycheck Protection Program Lender Partial Approval Forgiveness Decisions
• Extension of and Update to Guidance Related to Paycheck Protection Program Loans and Changes of Ownership
• Guaranty Purchases, Charge-Offs, and Lender Servicing Responsibilities
• Extension and Revision of Guidance on Whole Loan Sales of Paycheck Protection Program Loans
• Updated Notice on First Draw Paycheck Protection Program Loan Increases After Enactment of the Economic Aid Act
• Second Notice on Modifications to SBA Forms 3506, 3507, and 750 CA (for purposes of PPP only)
• Second Notice of Revised Procedures for Addressing Hold Codes and Compliance Check Error Messages on PPP Loans
• Registration Required for System for Award Management (SAM.gov)
• Revised SBA PPP Procedures for Addressing Hold Codes on First Draw PPP Loans and Compliance Check Error Messages on First Draw PPP Loans and Second Draw PPP Loans
• Second Updated PPP Lender Processing Fee Payment and 1502 Reporting Process
• SBA PPP Procedures for Addressing Unresolved Issues on Borrower First Draw PPP Loans
• SBA Procedural Notice on PPP Borrower Resubmissions of Loan Forgiveness Applications Using Form 3508S, Lender Notice Responsibilities to PPP Borrowers, and Offset of Remittances to Lenders for Lender Debts
• SBA Procedural Notice on PPP Excess Loan Amount Errors
• SBA Procedural Notice on First Draw PPP Loan Increases After Enactment of the Economic Aid Act
• SBA Procedural Notice on Modifications to SBA Forms 3506, 3507 and 750 CA (for purposes of PPP only)
• SBA Procedural Notice on Repeal of EIDL Advance Deduction Requirement for SBA Loan Forgiveness Remittances to PPP lenders
• SBA Procedural Notice on Extension of Authority to Guarantee PPP loans
• SBA Procedural Notice on Participation Sales for PPP loans. The purpose of this notice is to provide guidance to lenders approved to participate in the PPP regarding the sale of participating interests in PPP loans.
• SBA Procedural Notice on Whole Loan Sales for PPP Loans. This notice provides guidance on the procedures for completing whole loan sales of PPP loans between participating lenders.
• SBA Procedural Notice on Lender Processing Fee Payment and 1502 Reporting Process for PPP. The purpose of this notice is to inform PPP lenders of the reporting process through which PPP lenders will report on PPP loans and collect the processing fee on fully disbursed loans which they are eligible to receive.
• SBA Procedural Notice on Refinance of EIDLs with PPP Loan Proceeds and Lender Remittance of EIDL Refinance Proceeds to SBA informs PPP lenders regarding how loan proceeds must be used to refinance an SBA Economic Injury Disaster Loan (EIDL). The notice also informs PPP lenders of the procedure for remitting to the SBA any PPP loan proceeds designated for the refinance of an EIDL.
• SBA Information Notice on Guidance Regarding Identification and Reporting of Suspicious Activity in the COVID-19 EIDL Program provides a brief overview of COVID-19 assistance available under SBA’s EIDL program, including both advances (grants) and direct loans, and to alert depository financial institutions to the potential for suspicious activity related to COVID-19 EIDL funds deposited into business or personal accounts.
• SBA Procedural Notice on Procedures for Lender Submission of PPP Loan Forgiveness Decisions to SBA and SBA Forgiveness Loan Reviews informs PPP lenders of the processes for submitting decisions on PPP borrower loan forgiveness applications to SBA, requesting payment of the forgiveness amount determined by the lender, SBA loan forgiveness reviews and payment of the loan forgiveness amount determined by SBA.
• SBA Procedural Notice on PPP Loans and Changes of Ownership: The purpose of this notice is to provide information concerning the required procedures for changes of ownership of an entity that has received PPP funds (a “PPP borrower”).
• Paycheck Protection Program: E-Tran Loan Status Updates for PPP Partial and Full Forgiveness Payments

Applications

• SBA Form 2483: PPP First Draw Borrower Application Form
• SBA Form 2483-C: First Draw Borrower Application Form for Schedule C Filers Using Gross Income
• SBA Form 2483-SD: PPP Second Draw Borrower Application Form
• SBA Form 2483-SD-C: Second Draw Borrower Application Form for Schedule C Filers Using Gross Income

Disclosures

• SBA Form 3508D: Borrower’s Disclosure of Certain Controlling Interests

Loan necessity questionnaires

For borrowers that, together with their affiliates, received PPP loans with an original principal amount of $2 million or greater:

• SBA Form 3509: Loan Necessity Questionnaire (For-Profit Borrowers)
• SBA Form 3510: Loan Necessity Questionnaire (Non-Profit Borrowers)

• SBA Form 2484: PPP Lender Application Form First Draw Loan Guaranty
• SBA Form 2484-SD: PPP Lender Application Form Second Draw Loan Guaranty
• SBA Form 3506: Lender Agreement (Federally Insured Depository Institutions, Federally Insured Credit Unions, Farm Credit System Institutions)
• SBA Form 3507: Lender Agreement (Non-Bank and Non-Insured Depository Institution Lenders)

SBA and Treasury will consider applications for participation as PPP lenders from community development financial institutions and minority-, women-, veteran-, and military-owned lenders based on factors including those described on SBA Form 3507. Such factors include cases in which the lender does not meet all of the requirements listed on that form.

Among other criteria, SBA and Treasury will give strong consideration to the types of financial services provided by the lender; the lender’s compliance programs, including those related to Bank Secrecy Act; and the number and dollar amount of small business loans originated and serviced by the lender in a 12-month period over the past 36 months.

SBA and Treasury will also consider board membership composition as a proxy for ownership and control when determining the minority-, women-, veteran-, and military-owned status of non-profit lenders.