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The SBA on Saturday said it is working to ensure the Paycheck Protection Program appropriately accounts for the changes that businesses may have undergone since the beginning of the pandemic.
In a message noting it is receiving many lender questions on the PPP, the SBA said it is working to identify potential program and system updates recognizing changes in entity size, location or staffing, methods of operation, organizational structure, and changes in ownership.
The SBA also said it is working to improve the information provided to lenders about various issues and error messages and how lenders can help clear issues as expeditiously as possible.
The message also includes several reminders, such as:
Additional information and resources are available on the SBA and Treasury PPP pages, ICBA's PPP and EIP News page, the Independent Bankers Association of Texas's matrix of PPP updates in the stimulus law, and ICBA's summary of the stimulus package's community banking provisions.