C/A Summary of SBA Procedural Notice: Excess Loan Amount Errors
This summary informs Paycheck Protection Program (PPP) lenders of the effects of “excess loan amount errors” made by the borrower or the lender in completing the PPP Borrower Application Form (SBA Form 2483, SBA Form 2483-SD, or lender’s 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, “PPP loans”).
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