SBA LENDER UPDATE 5/27/22

Small Business Administration (SBA) sent this bulletin at 05/27/2022 03:20 PM EDT

Michigan District Office

Whole Loan Sales Guidance

SBA Procedural Notice 5000-809242

The SBA Office of Financial Assistance announces Procedural Notice 5000-809242 which outlines the extension of guidance to Paycheck Protection Program (PPP) Lenders and SBA Employees regarding whole loan sales of PPP loans. This notice is being issued to extend Procedural Notice 5000-809242 through May 1, 2023.

Read entire notice

SBA Michigan District Office

477 Michigan Avenue, Suite 1819
Detroit, MI 48226
Phone: (313) 226-6075

www.sba.gov/mi

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All SBA programs and services are provided on a nondiscriminatory basis. Reasonable accommodations will be made if requested at least two weeks in advance