A Small Business Administration user guide offers details on the Paycheck Protection Program forgiveness platform scheduled to go live this Monday, Aug. 10.
SBA details PPP forgiveness platform
August 07, 2020 / By ICBA
A Small Business Administration user guide offers details on the Paycheck Protection Program forgiveness platform scheduled to go live this Monday, Aug. 10.
A Small Business Administration user guide offers details on the Paycheck Protection Program forgiveness platform scheduled to go live this Monday, Aug. 10.
The SBA user guide provides a link to the platform as well as details on the loan-forgiveness timeline, decision process, account management, and more.
In a recent procedural notice, the SBA said all PPP Lender Authorizing Officials in the CAFS/ETRAN system will receive a welcome email from PPPForgivenessRequests@SBA.gov with instructions. Officials who have not received the email can contact SBA’s PPP Lender Hotline at 833-572-0502.
Separately, the SBA this week released frequently asked questions on PPP loan forgiveness that include new guidance on issues such as covered utility payments and eligible electricity supply charges.
Additional guidance and resources are available on Treasury’s PPP webpage and ICBA's COVID-19 resource center.
Meanwhile, ICBA continues calling on community bankers to use its Be Heard grassroots action center to urge Congress to advance PPP reforms as well as capital, accounting, and tax relief.
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