Via MEDA:
The SBA will resume accepting Paycheck Protection Program applications from participating lenders on Monday, April 27, 2020 at 10:30am EDT. (8:30 in Montana)
PPP – How to calculate loan amounts document: (detailed answers to nine questions/scenarios on loan amounts)
https://home.treasury.gov/system/files/136/How-to-Calculate-Loan-Amounts.pdf
PPP – Additional FAQ’s (questions 32-36 were published on 4/24 and 4/26) – Housing Stipends, Agriculture, US residency, Employee count, cooperatives)
PPP – Updated docs loaded to SBA and Treasury websites (continue to check these sites for updates)
https://home.treasury.gov/policy-issues/cares/assistance-for-small-businesses
https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/paycheck-protection-program
EIDL Information:
There have been some questions already as to the reopening of the EIDL portal. The following has been provided by SBA headquarters as to the status of EIDL:
- With the additional funding provided by the new COVID-19 relief package, SBA will resume processing EIDL Loan and Advance applications that are already in the queue on a first come, first-served basis.
- We will provide further information on the availability of the EIDL portal to receive new applications (including those from agricultural enterprises) as soon as possible.
EIDL Updated Numbers – See attached for EIDL Advance and Loan numbers as of 4/24/20.
Montana
- Loans: 114 for $20,068,200
- Advances: 4450 for $17,863,000