PPP Resources for 2021

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Last updated: 02/16/2021

We’ve put together this list of resources for our member banks to have a quick, one-stop source for guidance that can help them navigate current regulatory changes. We’re adding new resources as they are released, so check back frequently for new ones.   

Members have access to our curated pandemic pages, as well as over 1,800+ other tools, hours of training videos, and our expert hotline. For information on how to join Compliance Alliance, please contact us or e-mail info@compliancealliance.com. 

Tools

• Paycheck Protection Program Tracker  updated 02/16/2021
• C/A Summary of IFR Paycheck Protection Program as Amended by Economic Aid Act 

• C/A Summary of SBA Procedural Notice: First Draw Loan Increases After Enactment of the Economic Aid Act

• C/A Summary of SBA Procedural Notice: SBA PPP Platform Procedures Addressing Unresolved Issues on Borrower First Draw PPP Loans

• C/A Summary of SBA Procedural Notice: Modifications to SBA Forms 3506, 3507 and 750 CA (PPP)—
• C/A Summary of SBA Procedural Notice: Repeal of EIDL Advance Deduction Requirement for SBA Loan Forgiveness Remittances to PPP Lenders—

• C/A Summary on SBA FAQ: How to Calculate Maximum Loan Amounts for First Draw PPP Loans

• C/A Summary of SBA Procedural Notice: Resubmissions of Loan Forgiveness Applications, Lender Notice Responsibilities, and Offset of Remittances

• C/A Summary of SBA Procedural Notice: Excess Loan Amount Errors

• Link to SBA Loan Forgiveness Application—Form 3508S (1.19.2021)
• Link to SBA Loan Forgiveness Instructions—Form 3508S (1.19.2021)
• Link to SBA Loan Forgiveness Application—Form 3508EZ (1.19.2021)
• Link to SBA Loan Forgiveness Instructions—Form 3508EZ (1.19.2021) 
• Link to SBA Loan Forgiveness Application—Form 3508 (1.19.2021)
• Link to SBA Loan Forgiveness Instructions—Form 3508 (1.19.2021)
• Link to SBA Form “Borrower’s Disclosure of Certain Controlling Interests” 3508D
• Link to HUD Extension of Foreclosure & Eviction Moratorium in Connection with the Presidentially-Declared COVID-19 National Emergency
• C/A Summary of SBA Procedural Notice: SBA PPP Platform Procedures for Addressing Unresolved Issues on Borrower First Draw PPP Loans
• Link to SBA Information Notice: Implementation of Modifications to the 7(a) Loan Program
• Link to SBA Information Notice: Elimination of Certain 504 Loan Program Fees
• Link to SBA Information Notice: Notice to Lenders that SBA has Informed Eligible Borrowers of Assistance Available under Section 1112 of the CARES Act
• Link to FAQ on Second Draw PPP Loans: How to Calculate Revenue Reduction and Maximum Loan Amounts Including What Documentation to Provide
• Link to Newest SBA PPP FAQs
• Link to SBA’s Shuttered Venues Operators Grants FAQ
• Link to SBA Procedural Notice– Updated Section 1112 Tax Implication Reporting Requirements  
• Link to SBA Procedural Notice – Extend 7(a) and 504 Electronic Signatures through 4-30-21
• Link to SBA Procedural Notice—Extend Microloan Electronic Signatures through 4-30-21
• Link to SBA Procedural Notice– Extend Microloan Closings through 4-30-21 

• Link to SBA Procedural Notice—Revised SBA PPP Platform Procedures for Addressing Hold Codes on First Draw PPP Loans and Compliance Check Error Messages on First Draw and Second Draw PPP Loans

• Link to SBA Procedural Notice—Registration Required for System for Award Management (SAM.gov)

Huddles (past events) 

• January PPP Huddle 2021
• PPP Huddle for January 20, 2021
• PPP Q & A Huddle for January 27, 2021
• PPP Compliance FAQs Huddle for February 3, 2021
• February PPP Huddle 2021 for February 10, 2021
• PPP What's New Huddle for February 17, 2021
• PPP News and Concerns Huddle for February 24, 2021