SBA Update – Monday, April 27 – PPP Additional guidance on calculating loan amounts, updated FAQ’s, EIDL Information


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)

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)

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.


  • Loans:  114 for $20,068,200
  • Advances:  4450 for $17,863,000