SBA and Treasury Announce PPP Re-Opening; Issue New Guidance.
The U.S. Small Business Administration (SBA), in consultation with the Treasury Department, announced today that the Paycheck Protection Program (PPP) will re-open the week of January 11 for new borrowers and certain existing PPP borrowers. To promote access to capital, initially only community financial institutions will be able to make First Draw PPP Loans on Monday, January 11 and Second Draw PPP Loans on Wednesday, January 13. The PPP will open to all participating lenders shortly thereafter. Updated PPP guidance outlining Program changes to enhance its effectiveness and accessibility in accordance with the Economic Aid to Hard-Hit Small Businesses, Non-Profits, and Venues Act.
PPP PAYROLL REPORTS
PPP Payroll Reports
Several Reports are available within the Payroll System (RPO). Contact you Client Manager for assistance.
PPP Forgiveness Guide
A PPP Forgiveness Guide is available. Ask you client manager for a copy.
PPP FTE Payroll Reports
A PPP FTE Reports for Forgiveness calculations is available. Ask you client manager for assistance.
PPP INFORMATION
SBA PPP Loan Forgiveness Fact Sheet
SBA issued Fact Sheet on PPP Loan Forgiveness (10/30/2020)
SBA PPP FORGIVENESS FACTSHEET
SBA PPP Loan Forgiveness FAQ
SBA Frequently Asked Questions on PPP Loan Forgiveness (10/13/2020)
SBA PPP FORGIVENESS FAQ
PPP FORGIVENESS INFORMATION
3508s PPP Loan Forgiveness Form 3508S (less than $50,000)
Updated: October 31, 2020
This New Form for Loan Forgiveness is for loans less than $50,000.
Instructions: 3508s PPP Loan Forgiveness (less than $50,000)
Updated: October 31, 2020
Instructions for Form 3508s for loans less than $50,000.
INSTRUCTIONS FOR FORGIVENSS FORM 3508S
EZ PPP Loan Forgiveness Form 3508EZ
Updated: Wednesday, June 16, 2020
This New Form Loan Forgiveness is a simplified EZ Form for companies that qualify.
EZ FORGIVENSS FORM
INSTRUCTIONS: PPP Loan Forgiveness Application Form 3508EZ
FORM 3508EZ INSTRUCTIONS
FORM-EZ-INSTRUCTIONS.PDF
REVISED PPP Loan FORGIVENESS Application and Instructions
Version: Wednesday June 16, 2020
This Application on Loan Forgiveness present a meaningful change and a new policy for the SBA for FTE Calculations. ( Updated 10-31-20 with new expiration date)
PPP FORGIVENSS APPLICATION & INSTRUCTIONS
PAYCHECK PROTECTION PROGRAM: PPP
Paycheck Protection Program Flexibility Act of 2020
Flexibility Amendment to Paycheck Protection Program was passed on June 5th 2020
PAYCHECK PROTECTION PROGRAM FLEXIBILITY ACT OF 2020
Updated Official Information for PPP
Treasury website with updated information and guidance. Check this site for the most recent information
TREASURY WEBSITE WITH UPDATED INFORMATION
UPDATE from Treasury FAQs: updated guidance from the US Treasury on the PPP
Treasury FAQ’s on PPP Loan process for Borrowers and Lenders
TREASURY FAQS PPP
SBA: Additional Funding
The SBA will resume accepting Paycheck Protection Program applications from participating lenders on Monday, April 27, 2020 at 10:30am EDT.
SBA FUNDING UPDATE
THE SMALL BUSINESS OWNER’S GUIDE TO THE CARES ACT
SBA Approvals from 4/27/2020 through 05/23/2020
SBA FUNDING UPDATE
Paycheck Protection Program Loan Application
Here is a link to download the Application for the Paycheck Protection Program Loan.
DOWNLOAD THE APPLICATION
PPP Fact Sheet for Borrowers
Paycheck Protection Program (PPP) Information Sheet: Borrowers (source: US Treasury)
PPP FACT SHEET
PPP Overview and Summary
The Paycheck Protection Program provides small businesses with funds to pay up to 8 weeks of payroll costs including benefits. Funds can also be used to pay interest on mortgages, rent, and utilities.
PPP QUICK FACTS SUMMARY
FINANCIAL ASSISTANCE FOR COMPANIES IMPACTED BY COVID19
SBA Guide
Small Business Guidance & Loan Resources
Overview of Loan Programs Available
SBA GUIDE
California SBDC Guide
A guide from the California SBDC on resource for businesses impacted by COVID19
CALIFORNIASBDC.ORG
California Go-Biz Covid19
The Governor’s Office of Business and Economic Development (GO-Biz )
BUSINESS.CA.GOV/CORONAVIRUS-2019
