ABA Banking Journal
No Result
View All Result
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive
SUBSCRIBE
ABA Banking Journal
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive
No Result
View All Result
No Result
View All Result
Home Commercial Lending

SBA, Treasury Provide Guidance on Final Authorization of PPP Loans

April 11, 2020
Reading Time: 1 min read

The Small Business Administration and the Treasury Department last night updated their Paycheck Protection Program FAQ document to address a question many lenders faced related to closing loans. SBA and Treasury clarified that lenders do not need a separate SBA authorization document prior to issuing a PPP loan.

Instead, lenders must have executed SBA Form 2484, which is the lender application for the SBA guaranty on the loan. “Lenders may include in their promissory notes for PPP loans any terms and conditions, including relating to amortization and disclosure, that are not inconsistent with Sections 1102 and 1106 of the CARES Act, the PPP Interim Final Rule and guidance, and SBA Form 2484,” SBA and Treasury said.

ABA continues to seek SBA and Treasury clarification on other issues that have arisen as banks process and fund PPP loans and will report new guidance to members as it becomes available. (Bankers who may have bookmarked the FAQs on the Treasury website should note that the URL has now changed. This link is the current one.)

View ABA resources on the PPP.

Tags: CoronavirusSBA Paycheck Protection Program
ShareTweetPin

Related Posts

Bessent: Trump administration recognizes CDFI Fund’s ‘important role’ in communities

Former comptrollers warn against state erosion of federal banking powers

Newsbytes
June 15, 2026

States are increasingly seeking to regulate activities that have historically fallen within the domain of federal supervision, and that threatens the regulatory clarity the nation's dual banking system has long provided, two former comptrollers of the currency write...

Consumers turn to credit cards, home equity to maintain financial stability

Survey: Younger couples value financial independence from partners

Economy
June 15, 2026

Young couples are more likely to embrace financial independence from their partners by maintaining separate bank accounts, according to a recent survey by Fidelity.

Industrial production rose in March

Industrial production rose 0.1% in May

Economy
June 15, 2026

Industrial production increased 0.1% in May after increasing 0.9% in April. In May, manufacturing output was unchanged, the index for mining rose 1.3%, and utilities decreased 0.4%.

Bank, credit union groups unite against Welch-Gooden bill

ABA Viewpoint: Higher upfront APRs were a policy choice

Policy
June 15, 2026

Three key choices by lawmakers and regulators pushed credit card pricing toward higher annual percentage rates. Rate caps would have even more unintended consequences for consumers.

ABA urges FinCEN to reevaluate BOI collection burden on banks

FinCEN updates guidance for financial institutions on sharing information about fraud

Compliance and Risk
June 12, 2026

FinCEN issued an updated fact sheet to clarify how financial institutions can share information with each other about suspected fraud under the provisions of the USA PATRIOT Act.

Reports explore information exposure, costs of data breaches

Report: Software vulnerabilities become top vector for data breaches

Compliance and Risk
June 12, 2026

Exploitation of software vulnerabilities has become the most common initial access vector for data breaches, according to the most recent Data Breach Investigations Report by Verizon.

NEWSBYTES

Former comptrollers warn against state erosion of federal banking powers

June 15, 2026

Survey: Younger couples value financial independence from partners

June 15, 2026

Industrial production rose 0.1% in May

June 15, 2026

SPONSORED CONTENT

Why Your Systems Keep Slowing Down — and What to Do About It

Examiners Are Now Looking at Your Non-Core Systems

June 11, 2026
Your Floorplan Audit and Your Credit Decision Are Weeks Apart. That Gap Has a Price.

Your Floorplan Audit and Your Credit Decision Are Weeks Apart. That Gap Has a Price.

June 1, 2026
A Modern Blueprint for Serving High-Net-Worth Families

A Modern Blueprint for Serving High-Net-Worth Families

May 28, 2026
Why Your Systems Keep Slowing Down — and What to Do About It

AI Is in Your Bank. Is Your Cloud Contract Governing It?

May 20, 2026

PODCASTS

Podcast: Understanding bank regulators’ guidance on illegal immigration

June 11, 2026

Podcast: Creating a feeling of welcome, for customers and new bankers

May 28, 2026

Podcast: How consumer deposits drive full relationship banking

May 14, 2026

American Bankers Association
1333 New Hampshire Ave NW
Washington, DC 20036
1-800-BANKERS (800-226-5377)
www.aba.com
About ABA
Privacy Policy
Contact ABA

ABA Banking Journal
About ABA Banking Journal
Media Kit
Advertising
Subscribe

© 2026 American Bankers Association. All rights reserved.

No Result
View All Result
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive

© 2026 American Bankers Association. All rights reserved.