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Paycheck Protection Program

January 11, 2021: Applications for the new round of PPP funding are available.

Basics of the restarted Paycheck Protection Program

  • Businesses must apply by March 31, 2021.
  • $284 billion in forgivable, federally-backed loans for small businesses.
  • Businesses that applied for and/or received a loan in the first round of the program can apply again, using the second draw application above.
Program Details


Notable Changes for the Second Round of PPP

The reauthorized Paycheck Protection program differs in several important ways from the original program. Notable changes include the following:

  • New loans are capped at $2 million, compared to $10 million in the first round of PPP lending.
  • Allows streamlined forgiveness application for loans under $150,000
  • Applicant businesses must have no more than 300 employees.
  • Applicant businesses must demonstrate at least a 25 percent drop in revenues from Q4 2019 to Q4 2020.
  • The list of covered expenses has expanded to include remote work software, cloud computing, government-mandated sanitation equipment (e.g. sneeze guards at a restaurant), and several other additional items.

Guidance and Forms for Lenders

We are making every effort to provide up-to-date information regarding the Paycheck Protection Program, the details of which are still being changed by the Department of the Treasury. 

April 16 Servion Presentation: This presentation shows the 4 steps lenders need to take regarding PPP loans: 1) Applications; 2) Underwriting 3) Registering with SBA; and 4) Loan Documentation

Program Overview: This document is a basic, 1-page explanation of the program. 

Lender FAQ/Information Sheet: This document contains detailed answers about lender eligibility, loan guarantees, underwriting, fees and more. Prepared by the Department of the Treasury.

Servion's Guide to SBA Relief: This detailed presentation is an overview of all the SBA’s coronavirus relief programs.

Lender Application Form: This is the application all lenders must submit.

Not an SBA-approved lender? You can still offer PPP loans, but must complete this special PPP Lender Agreement first.

Servion's Document Prep Forms: Please complete these forms and submit to CLRDocprep@myservion.com.

Borrower Certifications & Loan Forgiveness Statement:  Applicants wishing to have all or part of their PPP loan forgiven must understand and sign this form.

Lender PPP Loan Forgiveness Requirements: This document describes the lender’s responsibilities regarding an applicant’s loan forgiveness.

PPP Underwriting Guide for LendersThis document describes what lenders must do in terms of underwriting a PPP loan.

E-Tran Information for Lenders

The following documents have been made available by the SBA to assist lenders in accessing and utilizing the Capital Access Financial Systems (CAFS) electronic lending (E-Tran) system.

E-Tran webinar: This slide deck walks you through the system, including how to sign up, how to fill out a loan application, etc. SBA delivered this as a webinar in March 2020.

Authorizing Official: Use this document to sign up as your institution’s Authorized Official, or AO. Every lending institution must have an AO. AOs verify other users at the institution, set up role permissions and perform other administration functions. 

Setting up new users who are not Authorizing Officials: These instructions explain the steps for obtaining CAFS/E-Tran access for people at your institution who are not Authorizing Officials.

Tips for entering PPP Loans into E-Tran Origination: Step-by-step instructions to help you correctly complete a PPP application in the E-Tran system.

Paycheck Protection Program Resources for Borrowers

The Paycheck Protection Program provides small businesses with funds to pay up to 8 weeks of payroll costs, including benefits. Funds can also be used to pay interest on mortgages, rent and utilities. Please reference the SBA’s website for full information.