COVID-19: Small Business Loan Resources

→ PPP Funds Depleted for All Except CDFIs and MDIs ←

As of May 4, 2021 the Small Business Administration (SBA) began accepting Payroll Protection Program (PPP) applications exclusively from minority depository institutions (MDIs) and community development financial institutions (CDFIs).  PPP funds made available to traditional banks like Settlers bank have been exhausted. If you plan to apply for  PPP funds and your application has not yet received an SBA loan number please contact an MDI or CDFI.

Restaurant Revitalization Fund 

Looking for information about the Restaurant Revitalization Fund? Visit www.sba.gov/restaurants (English) or www.sba.gov/restaurantes (Spanish) to learn more. Please note that traditional banks including Settlers bank are not administering this program. Applicants can apply directly through the SBA or select point-of-sale vendors.

Borrower Resources

NOTE: Please use Google Chrome to access forms on the SBA website using the links below. The SBA website does not support the use of Internet Explorer.

First Draw Paycheck Protection Program (PPP) – Loan Forgiveness

Interim Final Rule on Loan Forgiveness Requirements and Loan Review Procedures as Amended by Economic Aid Act (Released 1/19/2021)

PPP Loan Forgiveness Application Form 3508 (Revised 1/19/2021)

PPP Loan Forgiveness Application Form 3508EZ (Revised 1/19/2021)

PPP Loan Forgiveness Application Form 3508S (Revised 1/19/2021)

Borrower’s Disclosure of Certain Controlling Interests (Released 1/19/2021)

PPP Frequently Asked Questions (Released 03/12/2021)

For more information and updates, visit SBA.gov/PPP or Treasury.gov/CARES

 

 

 

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