4/28 PPP Lender Operations Update

Wisconsin District Office--April 28, 2020

u s small business administration
Paycheck Protection

SBA and Treasury value all lenders and their small business customers.

For the benefit of small business customers and their employees, SBA and Treasury are working on ways to optimize the loan processing system.

Starting today, Robotic Processing Automation (RPA), which are robotic systems used by some banks to mimic human data entry, may not be used to submit Paycheck Protection Program loans into SBA’s E-Tran loan system.  RPAs burden the processing system and diminish its capabilities. Without RPAs, the loan processing system will be more reliable, accessible, and equitable for all small businesses.    

Application Programing Interface (APIs) will still be permitted. If you are a lender who needs assistance converting your submission process to a non-RPA API, contact Sheri McConville. (Sheri.Mcconville@sba.gov)

 

Bill Briggs

Deputy Associate Administrator

Office of Capital Access

U.S. Small Business Administration


CARES Act Related Notices/Guidance

Procedural Notice: Guidance on SBA’s Implementation of Section 1112 of the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) Related to
the SBA Microloan Program

Implementation of Section 1112 of the CARES Act, Subsidy for Certain Loan Payments, for the 7(a) and 504 Loan Programs

Interim Final Rule: Additional Criterion for Seasonal Employers

Calculating Maximum Loan Amount by Type of Business 



Lender Quick Links

www.sba.gov/coronavirus

Wisconsin Small Business Resource Guide online

Order Wisconsin Small Business Resource Guides

Advertising Your SBA Relationship  You may also request lender decals from your LRS. 

SBA 7(a) and 504 lending 1991-present

SBA.gov for Lenders and find documents

Subscribe to Wisconsin Lenders' Line


Contact Your Lender Relations Specialists

 

Eastern Wisconsin:  Ellie Berg--(414) 297-1488  elvira.berg@sba.gov

Western Wisconsin:  Chris Dedrick-- (608) 982-1111  christena.dedrick@sba.gov