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SBA EIDL and PPP resources

Update: as of 4-21-20, news media is reporting that a ~$450B supplemental appropriation bill will pass soon, and SBA EIDL and PPP loan applications and approvals can resume.

Our own resources tell us that if you have applied already, that it is a waiting game. We understand this is not especially comforting as bills continue to grow. Some SBDC clients have recently received letters that their applications are being processed and that additional documentation will be requested. This is encouraging. It means the back end processes are moving forward.

Here is a brief list of resources.

For help with SBA’s Disaster Loan Assistance website please contact the disaster assistance customer service center at 1-800-659-2955 (TTY: 1-800-877-8339) or by e-mail at disastercustomerservice@sba.gov.

DMSBDC website:

http://dallasmetropolitansbdc.com/category/covid19/

SBA.gov information:

https://www.sba.gov/funding-programs/disaster-assistance

EIDL application itself:

https://covid19relief.sba.gov/#/

an SBA bank list resource 1:

(refer to page 29 of the Resource Guide)

https://www.sba.gov/sites/default/files/files/resourceguide_3148.pdf

SBA bank resource 2:

an Excel List of SBA lenders

https://www.sba.gov/sites/default/files/resource_files/Loan_Volume_Comparison_As_Of_September_30_2019.pdf

A organization of SBA lenders:

A US Treasury Fact Sheet:

https://home.treasury.gov/system/files/136/PPP–Fact-Sheet.pdf

US Treasury PPP website:

https://home.treasury.gov/policy-issues/top-priorities/cares-act/assistance-for-small-businesses

US Treasury PPP FAQ

https://home.treasury.gov/system/files/136/Paycheck-Protection-Program-Frequenty-Asked-Questions.pdf

NDC – PPP application webinar

Protection Program Documents

Treasury Dept- PPP Fact sheet

https://home.treasury.gov/system/files/136/PPP–Fact-Sheet.pdf

SBA PPP Application

https://home.treasury.gov/system/files/136/Paycheck-Protection-Program- Application-3-30-2020-v3.pdf

US Chamber of Commerce PPP Guide

https://www.uschamber.com/sites/default/files/023595_comm_corona_vi rus_smallbiz_loan_final.pdf

Senate FAQ Both loan programs

https://www.sbc.senate.gov/public/_cache/files/2/9/29fc1ae7-879a-4de0- 97d5-ab0a0cb558c8/1BC9E5AB74965E686FC6EBC019EC358F.the-small- business-owner-s-guide-to-the-cares-act-final-.pdf

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