U.S Small Business Administration Resources - Updated 5/15/20 - SBA and Treasury Release Paycheck Protection Program Loan Forgiveness Application

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May 15, 2020

Update 5/15/20

Release Date: Friday, May 15, 2020
Release Number: 20-41
Contact: press_office@sba.gov

Washington—Today, the Small Business Administration (SBA), in consultation with the Department of the Treasury, released the Paycheck Protection Program (PPP) Loan Forgiveness Application and detailed instructions for the application.

The form and instructions inform borrowers how to apply for forgiveness of their PPP loans, consistent with the Coronavirus Aid, Relief, and Economic Security Act (CARES Act).  SBA will also soon issue regulations and guidance to further assist borrowers as they complete their applications, and to provide lenders with guidance on their responsibilities.

The form and instructions include several measures to reduce compliance burdens and simplify the process for borrowers, including:

  • Options for borrowers to calculate payroll costs using an “alternative payroll covered period” that aligns with borrowers’ regular payroll cycles
  • Flexibility to include eligible payroll and non-payroll expenses paid or incurred during the eight-week period after receiving their PPP loan
  • Step-by-step instructions on how to perform the calculations required by the CARES Act to confirm eligibility for loan forgiveness
  • Borrower-friendly implementation of statutory exemptions from loan forgiveness reduction based on rehiring by June 30
  • Addition of a new exemption from the loan forgiveness reduction for borrowers who have made a good-faith, written offer to rehire workers that was declined

The PPP was created by the CARES Act to provide forgivable loans to eligible small businesses to keep American workers on the payroll during the COVID-19 pandemic.  The documents released today will help small businesses seek forgiveness at the conclusion of the eight week covered period, which begins with the disbursement of their loans.

Click hereDownload Adobe Reader to read this link content to view the application and instructions.

Read more: https://www.sba.gov/about-sba/sba-newsroom/press-releases-media-advisories/sba-and-treasury-release-paycheck-protection-program-loan-forgiveness-application
Update 5/11/20 

The Express Bridge Loan Pilot Program allows small businesses that have a current business relationship with an SBA Express Lender to access up to $25,000 with less paperwork. These loans can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing due to COVID-19. These can be a term loan or used to bridge the gap while waiting for the determination on your application for a direct SBA Economic Injury Disaster Loan.

To find more information and locate an Express Bridge Loan Lender please visit: https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/sba-express-bridge-loans.

If you have additional questions or require further assistance, please call our Disaster Customer Service Center at 1-800-659-2955 or, for the deaf and hard-of-hearing 1-800-877-8339 (Monday through Friday from 8:00 am to 8:00 pmSaturday and Sunday from 8:00 am to 8:00 pm Eastern Time) or email us at: disastercustomerservice@sba.gov.
Update 4/24/20

Joint Statement by SBA Administrator Jovita Carranza and Treasury Secretary Steven T. Mnuchin on the Resumption of the Paycheck Protection Program

Release Date: 
Friday, April 24, 2020
Release Number: 
Press_Office@sba.gov, (202) 205-7036

WASHINGTON – Administrator of the U.S. Small Business Administration Jovita Carranza and U.S. Treasury Secretary Steven T. Mnuchin issued the following statement today on the resumption of the Payroll Protection Program (PPP):

“We are pleased that President Trump has signed into law the Paycheck Protection Program and Health Care Enhancement Act, which provides critical additional funding for American workers and small businesses affected by the coronavirus pandemic.  We want to thank Leader McConnell, Leader Schumer, Speaker Pelosi, and Leader McCarthy for working with us on a bipartisan basis to ensure that the Paycheck Protection Program is funded so that small businesses can keep hardworking Americans on the payroll.

“The Small Business Administration will resume accepting PPP loan applications on Monday, April 27 at 10:30AM EDT from approved lenders on behalf of any eligible borrower.  This will ensure that SBA has properly coded the system to account for changes made by the legislation.

“The PPP has supported more than 1.66 million small businesses and protected over 30 million jobs for hardworking Americans.  With the additional funds appropriated by Congress, tens of millions of additional workers will benefit from this critical relief.

“We encourage all approved lenders to process loan applications previously submitted by eligible borrowers and disburse funds expeditiously.  All eligible borrowers who need these funds should work with an approved lender to apply.  Borrowers should carefully review PPP regulations and guidance and the certifications required to obtain a loan.

“The Trump Administration is fully committed to ensuring that America’s workers and small businesses continue to get the resources they need to get through this challenging time.”

For more information on the Paycheck Protection Program, visit: sba.gov/paycheckprotection.


Read here: https://www.sba.gov/about-sba/sba-newsroom/press-releases-media-advisories/joint-statement-sba-administrator-jovita-carranza-and-treasury-secretary-steven-t-mnuchin-resumption


Update 4/20/20

Frequently Asked Questions about the Paycheck Protection Program and Economic Injury Disaster Loan Program Lapse in Appropriations

At this time, by law, the SBA will not be able to issue new loan approvals for our disaster lending programs once the programs experience a lapse in appropriations.  Due to limited funding, the application portal for the EIDL–COVID-19 assistance program (EIDL loans and EIDL Advances) is temporarily closed. We are also not accepting additional  Paycheck Protection Program (PPP) applications from participating lenders at this time until additional funding is authorized.

You can read the statement issued by our Administrator Jovita Carranza about the lapse in appropriations here.    If additional funding is appropriated by congress the programs will resume in accordance with that appropriation. 
Below are a few answers to common questions about what this means:

  • Q: I have already submitted an application to the PPP with my lender. Does this mean I will not be funded?
     A: For Paycheck Protection Loans, only approved loans are being processed at this time. Applicants will need to consult with their lender as the lender is the one approving the loan.
  • Q: I have already submitted an application to the Economic Injury Disaster Loan Program with SBA. Does this mean I will not be considered?
     A: No.  Economic Injury Disaster Loan applications are continuing to be reviewed, approved, and funded on a first come, first serve basis.  In order to ensure funding to those who already applied, new applications were no longer accepted starting last Thursday. 

    However, all applicants must still be approved for funding by SBA and can check on their application with the Office of Disaster Assistance at 1-800-659-2955.
  • Q: Will there be more money made available for PPP?
    A: Maybe. Congress is currently negotiating another stimulus bill.  We do not know the details and cannot comment or speculate on pending legislation. 
  • Q: Can I still apply for PPP and have my application held until there is additional funding?
    A: By law, the SBA will not be able to issue new loan approvals once the programs experience a lapse in appropriations.  SBA will not be creating a queue.  Some individual lenders may be choosing to in anticipation of additional funding.
  • Q: I can't find the EIDL application
    A: The application is temporarily closed. SBA is unable to accept new applications at this time for the Economic Injury Disaster Loan (EIDL)-COVID-19 related assistance program (including EIDL Advances) based on available appropriations funding.
  • Q: I already submitted my EIDL application but haven't heard back from SBA yet.  Is my application still being processed?
    A: Yes.  All applications received are being processed.  For an update on an application applicants must call 1-800-659-2955 and speak with the Office of Disaster Assistance. 

New PPP data released for the full initial appropriation window. Over $33 billion was approved for more than 112,000 businesses in California over the past three weeks. 

Newly updated data showing the full usage of the PPP program over its initial funding window was released last week.  The new data includes breakouts by industry, state, and loan size.

See the April 16 PPP Report

SBA Office of Inspector General Releases Alert for Business Owners on Scams and Frauds

 Fraudsters have already begun targeting small business owners during these economically difficult times.  Be on the lookout for grant fraud, loan fraud, and phishing.


  • SBA does not initiate contact on either 7a or Disaster loans or grants.  If you are proactively contacted by someone claiming to be from the SBA, suspect fraud.


  • If you are contacted by someone promising to get approval of an SBA loan, but requires any payment up front or offers a high interest bridge loan in the interim, suspect fraud.
  • SBA limits the fees a broker can charge a borrower to 3% for loans $50,000 or less and 2% for loans $50,000 to $1,000,000 with an additional ¼% on amounts over $1,000,000.  Any attempt to charge more than these fees is inappropriate.
  • If you have a question about getting a SBA disaster loan, call 800-659-2955 or send an email to disastercustomerservice@sba.gov.
  • If you have questions about other SBA lending products, call SBA’s Answer Desk at 800-827-5722 or send an email to answerdesk@sba.gov.

Report any suspected fraud to OIG’s Hotline at 800-767-0385 or online

Comparisons of the Paycheck Protection Program and Economic Injury Disaster Loan Program

The SBA cannot accept PPP applications directly.  Business owners must apply and be accepted by a lending partner and each lending partner is different in terms of how they choose to extend the PPP program to clients.  SBA does not require lenders to limit the program to existing customers, but some have chosen to do that at their own discretion.

 A full list of participating banks is on the SBA website, you can find a list of the top local SBA lenders here, or a list of all of the local SBA lenders in our resource guide.

Our  Small Business Development Centers (1-833-ASK-SBDC) are also actively connecting business owners to lenders as they find them.


Update 4/16/20 

Notice: Lapse in Appropriations

SBA is unable to accept new applications at this time for the Economic Injury Disaster Loan (EIDL)-COVID-19 related assistance program (including EIDL Advances) based on available appropriations funding.

Applicants who have already submitted their applications will continue to be processed on a first-come, first-served basis.

Update 4/14/20

SBA’s Customer Service Center
You can now contact the SBA’s Customer Service Center seven days a week from 8:00 a.m. to 8:00 p.m. (Eastern Time).
For individual inquiries, please call (800) 659-2955 or send an email disastercustomerservice@sba.gov

Message from SBA to Business Owners 3/31/20: 

We know you are facing challenging times in this current health crisis. The U.S. Small Business Administration is committed to help bring relief to small businesses and nonprofit organizations suffering because of the Coronavirus (COVID-19) pandemic. 

On March 27, 2020, President Trump signed into law the CARES Act, which provided additional assistance for small business owners and non-profits, including the opportunity to get up to a $10,000 Advance on an Economic Injury Disaster Loan (EIDL). This Advance may be available even if your EIDL application was declined or is still pending, and will be forgiven.

If you wish to apply for the Advance on your EIDL, please visit www.SBA.gov/Disaster as soon as possible to fill out a new, streamlined application. In order to qualify for the Advance, you need to submit this new application even if you previously submitted an EIDL application. Applying for the Advance will not impact the status or slow your existing application.

Also, we encourage you to subscribe to our email updates via www.SBA.gov/Updates and follow us on Twitter at @SBAgov for the latest news on available SBA resources and services. If you need additional assistance, you can find your local SBA office and resource partners at www.SBA.gov/LocalAssistance. If you have questions, you may also call 1-800-659-2955.

Updated on 3/24/20

Updated on 3/19/20: SBA Amends Disaster Declaration 

Download News Release Here

SBA To Provide Small Businesses Impacted by Coronavirus (COVID-19) Up to $2 Million in Disaster Assistance Loans

 The U.S. Small Business Administration is offering low-interest federal disaster loans for working capital to California small businesses suffering substantial economic injury as a result of the Coronavirus. Applications can be modified and adjusted after submittal.

Apply Online

CA Declaration 

Press Release

Paper Application

EIDL Loans Brief



The unprecedented economic impacts of the Coronavirus on the business community in California are already being felt.

CAMEO, in coordination with the U.S. Small Business Administration's Office of Disaster Assistance, will be holding a call on Wednesday, March 18th at 4:00PM to explain the SBA disaster loan application process and answer questions from small business support organizations.

We’ll cover:

  • What the program is
  • How it works and how to apply
  • Common missteps or misunderstandings that impact business owner applicants

Join the Webinar at 4:00PM March 18th

(Call-in information: Dial US: +1 669 900 6833 Webinar ID: 956 176 760)

SBA Guidance for Businesses and Employers

The Centers for Disease Control and Prevention (CDC) offers the most up-to-date information on COVID-19. This interim guidance is based on what is currently known about the coronavirus disease 2019 (COVID-19). For updates from CDC, please see the following:

See More

U.S. Small Business Administration San Francisco District Office