C/A Summary of SBA Procedural Notice: Excess Loan Amount Errors
Updated 01/20/2021
This summary informs Paycheck Protection Program (PPP) lenders of the effects of âexcess loan amount errorsâ made by the borrower or the lender in completing the PPP Borrower Application Form (SBA Form 2483, SBA Form 2483-SD, or lenderâs equivalent form) or the PPP Lender Application Form (SBA Form 2484 or SBA Form 2484-SD) for First Draw PPP Loans and Second Draw PPP Loans (collectively, âPPP loansâ).
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