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The Small Business Administration's Paycheck Protection Program forgiveness platform is live and scheduled to begin accepting loan-forgiveness applications and decisions today. An SBA user guide released last week provides details on the 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 should have received a welcome email from [email protected] with instructions. Officials who have not received the email can contact SBA’s PPP Lender Hotline at 833-572-0502.
Additional PPP guidance and resources are available on Treasury’s PPP webpage and ICBA's COVID-19 resource center.
The forgiveness platform is live after the SBA stopped processing new PPP loan applications Saturday night, in alignment with federal law. Congress and the Trump administration are debating the future of the PPP as part of the negotiations over the next stimulus package.
ICBA continues calling on community bankers to use its Be Heard grassroots action center to urge policymakers to advance PPP reforms as well as capital, accounting, and tax relief.