SBA released new Informational Notices:

  • Click here for SBA Informational Notice 5000-20084 Implementation of Modifications to the 7(a) Loan Program in the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act
  • Click here for SBA Informational Notice 5000-20085 Elimination of Certain 504 Loan Program Fees as Authorized by the Economic Aid Act
  • Click here for SBA Informational Notice 5000-20086 Notice to Lenders that SBA has Informed Eligible Borrowers of Assistance Available under Section 1112 of the CARES Act

Earlier this week the SBA hosted a webinar to provide guidance on SBA hold codes:

  • Click here for a copy of the slide deck from the SBA Paycheck Protection Platform Lender Instructions for Resolving First Draw PPP Loan Hold Codes
  • Click here for guidance on Unresolved Borrower Resolution Process For Second Draw PPP Loans
  • Click here for an overview of Paycheck Protection Program loan data through January 24, 2021

It’s anticipated there will continue to be further guidance, processes, and procedures issued which we will continue to provide updates once available.