SBA Loan Information
SBA Loan Information and Resources Page
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Assistance for Small Businesses
Assistance for American Workers and Families
EIDL Economic Injury Disaster Loan
Federal Reserve lending and liquidity for mid-sized organizations
Pretamos Rolls out Spanish Webinars
Resources from the U.S. Chamber
Chamber Member Bank Information
Assistance for Small Businesses
SBA and Treasury Announce New EZ and Revised Full Forgiveness Applications for the Paycheck Protection Program
6.17.2020: SBA and Treasury announced new EZ and revised full forgiveness applications for the Paycheck Protection Program. In addition to revising the full forgiveness application, SBA also published a new EZ version of the forgiveness application that applies to borrowers that:
- Are self-employed and have no employees; OR
- Did not reduce the salaries or wages of their employees by more than 25%, and did not reduce the number or hours of their employees; OR
- Experienced reductions in business activity as a result of health directives related to COVID-19, and did not reduce the salaries or wages of their employees by more than 25%.
Paycheck Protection Program (PPP):
Paycheck Protection Program (PPP): The Paycheck Protection Program is providing small businesses with the resources they need to maintain their payroll, hire back employees who may have been laid off, and cover applicable overhead. On June 6, the President signed legislation providing more flexibility and relief for small businesses including extending the covered period for loan forgiveness from 8 weeks after the date of loan disbursement to 24 weeks and lowering the requirements that 75% of a borrower’s loan proceeds must be used for payroll costs to 60%.
- Deadline for Support: Small businesses must apply with a lender to be eligible for funding by June 30, 2020. At 11:59 p.m. EDT on June 30, 2020, SBA Capital Access Financial Systems (CAFS), including E-Tran and SBA Connect, will no longer accept Paycheck Protection Program (PPP) borrower applications from participating PPP lenders. SBA CAFS will continue to accept and process regular 7(a) and 504 loan applications.
- State-by-State Data can be found here.
Program Overview
- Top-line Overview of PPP
- SBA Paycheck Protection Program Loan Report
- SBA Paycheck Protection Program Loan Report Round 2 – Updated 6/29
- Summary of Paycheck Protection Program Round 2 Data – Updated 6/30
- Coronavirus Recovery Information in Other Languages
For Borrowers
- More Information
- Search Tool: Find an Eligible Lender
- Lender Match – Updated 6/19
- Borrower Application Form – Updated 6/24
- Applicable Affiliation Rules
- How to Calculate Maximum Loan Amounts – Updated 6/26
- Loan Forgiveness Application Form EZ Instructions – Updated 6/16
- Loan Forgiveness Application Form EZ – Updated 6/16
- Loan Forgiveness Application Instructions – Updated 6/16
- Loan Forgiveness Application (Spanish version) – Updated 6/16
- Guidance on Refinance of EIDL Loans with PPP Loan Proceeds and Lender Remittance of EIDL Refinance Proceeds to SBA – Updated 6/22
For Lenders
- More Information
- Lender Application Form – Updated 6/24
- Lender Application Form for Federally Insured Depository Institutions, Federally Insured Credit Unions, and Farm Credit System Institutions
- Lender Application Form for Non-Bank and Non-Insured Depository Institution Lenders
- Guidance on Whole Loans Sales of PPP Loans
- SBA Procedural Guidance on Participation Sales
- Guidance on PPP Lender Processing Fee Payment and 1502 Reporting Process
- Resources available to all PPP lenders:
- Submitting 1502 reports: contact the FTA at info@colsonservices.com or at 877-245-6159
- Setting up CAFS account: contact CLS@sba.gov
- For other questions: please send an email to 7aQuestions@sba.gov
- Lender Assistance Hotline: (833) 572-0502
Program Rules
- Frequently Asked Questions– Updated 6/25
- Interim Final Rule 1
- Interim Final Rule on Applicable Affiliation Rules
- Interim Final Rule on Additional Eligibility Criteria and Requirements for Certain Pledges of Loans
- Interim Final Rule on Requirements for Promissory Notes, Authorizations, Affiliation, and Eligibility
- Interim Final Rule on Additional Criterion for Seasonal Employers
- Interim Final Rule on Disbursements
- Interim Final Rule on Corporate Groups and Non-Bank and Non-Insured Depository Institution Lenders
- Interim Final Rule on Nondiscrimination and Additional Eligibility Criteria
- Interim Final Rule on Loan Increases
- Interim Final Rule on Eligibility of Certain Electric Cooperatives
- Interim Final Rule on Treatment of Entities with Foreign Affiliates
- Interim Final Rule on Second Extension of Limited Safe Harbor with Respect to Certification Concerning Need for PPP Loan and Lender Reporting
- Interim Final Rule on Loan Forgiveness
- Interim Final Rule on SBA Loan Review Procedures and Related Borrower and Lender Responsibilities
- Interim Final Rule on Eligibility of Certain Telephone Cooperatives
- Interim Final Rule on Revisions to First Interim Final Rule – Updated 6/11
- Interim Final Rule on Additional Revisions to First Interim Final Rule – Updated 6/12
- Interim Final Rule on Revisions to the Third and Sixth Interim Final Rules – Updated 6/17
- Interim Final Rule on Revisions to Loan Forgiveness Interim Final Rule and SBA Loan Review Procedures Interim Final Rule – Updated 6/22
- Interim Final Rule on Additional Eligibility Revisions to First Interim Final Rule – Updated 6/24
- Interim Final Rule on Certain Eligible Payroll Costs – Updated 6/25
For more information and updates, visit Treasury.gov/CARES and SBA.gov/PayCheckProtection.
EIDL Economic Injury Disaster Loan
Economic Injury Disaster Loans & Advance Program: SBA’s Economic Injury Disaster Loans and Advance Program has reopened its portal to all eligible small businesses and non-profits impacted by COVID-19 pandemic. The reopened portal can be found here.
- Deadline for Support: Small businesses must apply by December 31, 2020.
- Loan Program: The Loan Program offers long-term, low interest assistance for a small business or non-profit. State-by-State data can be found here.
- Advance Program: The Advance Program will provide up to $10,000 ($1,000 per employee) of emergency economic relief to businesses that are currently experiencing temporary difficulties, and these emergency grants do not have to be repaid. State-by-State data can be found here.
Assistance for American Workers and Families
American Workforce Policy Advisory Board – Call to Action: The American Workforce Policy Advisory Board has released a call-to-action to help the millions of workers who need assistance now, and build the resilient and agile workforce of the future powered by skilled American workers. Specific actions:
- Expedite American workers’ return to employment and upward mobility by investing in career pathways and implementing skills-based hiring practices.
- Remove obstacles to the modernization of American education and training to accelerate reskilling and facilitate innovation in workforce development.
- Build the technological infrastructure necessary for the future of work.
Economic Impact Payments: The CARES Act provides for Economic Impact Payments to American households of up to $1,200 per adult for individuals whose income was less than $99,000 ( or $198,000 for joint filers) and $500 per child under 17 years old – or up to $3,400 for a family of four. More information can be found here.
Preserving Jobs for American Industry: The CARES Act offers meaningful financial support to American businesses and job creators so they can better support employees and be prepared to get back to business as soon as possible. More information can be found here.
Supporting Child Care: The CARES Act provided an additional $3.5 billion to the Child Care and Development Block Grant to support families with child care options during this public health crisis. Additional information and State-level information can be found here.
Dislocated Worker Grants: The U.S. Department of Labor is providing Dislocated Worker Grants to prevent, prepare for and respond to COVID-19. State-by-State data and additional details can be found here.
Assistance for American Workers and Families
Paid Leave Tax Credits
- Employers with 500 or less employees are required to offer paid sick leave at the regular wage rate for instances where the employee is ill due to COVID-19 and at 2/3rds the wage rate for employees who must care for a family member due to COVID-19 including school and child care closures. Employers with 50 or less employees may be eligible for a waiver due to hardship. These employers are eligible to receive a tax credit to cover the costs of the paid sick leave. For detailed information on accessing the tax credit and utilizing liquidity and deferment programs through the IRS in relationship to the credit please CLICK HERE
Employee Retention Tax Credit
- The Treasury has issued a refundable tax credit of up to 50% of $10,000 in wages for all employers continuing to pay employees through the COVID-19 pandemic. Those receiving small business loans will not be eligible for this tax credit.
For more information on eligibility CLICK HERE
For more information on accessing the credit CLICK HERE
Federal Reserve lending and liquidity for mid-sized organizations
- The Treasury will be creating a new fund in partnership with federally insured lenders which will be available to entities with between 500 and 10,000 employees. More information on this fund will be coming from the Treasury by April 6.
Additional Resources
- The COVID-19 stimulus plan is still ongoing. More programs and financial assistance could become available on a daily basis. The above resources are by no means the limit to what may be available to your organizations and your employees.
- The best resource for keeping up-to-date on available financial assistance is through the Department of Treasury. CLICK HERE
Unemployment Insurance
- There will be an additional $600 per week for unemployment checks available immediately. Each state administers unemployment in its own way.
- To find information on contacting your state unemployment office CLICK HERE
- For frequently asked questions on this issue – see the House Ways and Means FAQ page: CLICK HERE
Pretamos Rolls out Spanish Webinars and COVID-19 Resources for Businesses
- Prestamos will continue to put out content in English and Spanish during this crisis to help our Small Business owners that are more comfortable listening and learning in Spanish: https://www.prestamosloans.org/covid-19-information-resources/
Resources from the U.S. Chamber
6.18.2020: The U.S. Chamber has updated their guides on the Main Street Lending Program and the PPP Loan Forgiveness to
reflect new changes from the Federal Reserve and Congress.
Some of these changes are significant, so you are strongly encourage to review these latest guides:
Guide to PPP Loan Forgiveness
- Under the Paycheck Protection Program (PPP) created by the CARES Act, loans may be forgiven if borrowers use the proceeds to maintain their payrolls and pay other specified expenses. This guide is designed to help borrowers understand the process by which their loan forgiveness amount will be calculated and the overall approach of the loan forgiveness process.
Guide To The Main Street Lending Program
- The MSLP will provide a total of $600 billion in financing for small and medium-sized businesses. This guide outlines how businesses can check eligibility and what they need to do to get ready to apply.
Carson City Chamber Member Financial Instutitions:
Bank of the West
phone: 775-687-2550
2976 N Carson Street
Offering SBA Loans: Yes
Lobby: Monday - Friday 9:30 am - 4:00 pm
Drive-Up: Monday - Friday 9:30 am - 4:00 pm
City National Bank
phone: 775-885-1221
1811 E. College Parkway
Offering SBA Loans: Yes (*existing clients only at this time)
Lobby: Monday – Friday 10 am – 3 pm
Drive up: Monday – Friday 9 am – 5 pm
First Independent Bank
phone: 775-682-4747
1818 E. College Parkway, Suite 100
Offering SBA Loans: Yes
Lobby: Closed
Drive Up: Monday – Thursday 8:30 am – 5 pm; Friday 8:30 am - 5:30 pm
Greater Nevada Credit Union-Eagle Station
phone: 775-882-2060
The Greater Commercial Lending SBA PPP hotline number is (775) 886-1966
481 Eagle Station
www.gncu.org/Greater-Commercial-Lending/SBA-Paycheck-Protection-Program
Offering SBA Loans: Yes
Lobby: Monday - Friday: 10 am – 4 pm
Greater Nevada Credit Union- N. Carson St
phone: 775-882-2060
The Greater Commercial Lending SBA PPP hotline number is (775) 886-1966
4131 N. Carson St.
www.gncu.org/Greater-Commercial-Lending/SBA-Paycheck-Protection-Program
Offering SBA Loans: Yes
Lobby: Monday - Friday 10 am – 4 pm
Drive up: Monday - Friday: 10 am – 4 pm
Heritage Bank of Nevada
phone: 775-881-1111
4222 S. Carson St.
Offering SBA Loans: Yes (*existing clients only at this time)
Lobby by Appointment Only
Drive up: Monday – Thursday 8:30 am – 5 pm; Friday 8:30 am – 6 pm
Nevada, Inc. Pretamos CDFI, a wholly owned subsidiary of CPLC, Nevada, Inc
phone: 775-350-7780
Edward Vento - Business Development Officer - Direct Line: (775) 300-6193
1050 E. William St. Ste. 402
Carson City NV, 89701
http://cplcnevada.org/Programs/EconomicDev
Nevada State Bank - South Carson Branch
phone: 775-687-1707
4267 S Carson St
Offering SBA Loans: Yes - available to fund PPP loans.
Lobby by appointment only
Drive Up Hours Monday – Friday 10 am - 4 pm; Saturday 10 am – 2 pm
Nevada State Bank Business Center
phone: 775-884-5500
1525 College Parkway
Offering SBA Loans: Yes - available to fund PPP loans.
Lobby by appointment only
Drive Up Hours Monday – Friday 10 am - 4 pm
Plumas Bank
phone: 775-885-1200
1101 N. Carson St.
Offering SBA Loans: Yes
Lobby by appointment only
Drive up Hours Monday - Friday 9 am – 5 pm
United Federal Credit Union - Carson Branch
phone: 775-329-6673 x 6030
1350 E. Williams St.
Offering SBA Loans: Yes (*existing clients only at this time)
Lobby by appointment only
Drive up hours Monday - Friday 8:30 am – 6 pm; Saturday 9 am – 1 pm
US Bank, Capitol
phone: 775-687-8001
1001 N. Stewart St.
Offering SBA Loans: Yes
Lobby by appointment only
Drive up Monday – Friday 9:30 am – 4pm; Saturday 9:30 am – 1pm
US Bank, North Carson
phone: 775-888-8580
3405 Market St., Suite 100
Offering SBA Loans: Yes
Lobby by appointment only
Drive up Monday – Friday 9:30 am – 4pm; Saturday 9:30 am – noon
Wells Fargo - East Carson
phone: 775-885-1145
1550 E. Williams St.
https://update.wf.com/coronavirus/paycheckprotectionprogram/
Offering SBA Loans: No longer accept new loan applications under the government's Paycheck Protection Program
Lobby limited teller transactions available, and bankers by appointment
Drive up Monday - Friday 9:30 am - 4:00 pm; Saturday 9:00 am – 12 pm
Wells Fargo - Main
phone: 775-886-4240
2424 S. Carson St.
https://update.wf.com/coronavirus/paycheckprotectionprogram/
Offering SBA Loans: No longer accept new loan applications under the government's Paycheck Protection Program
Drive up only Monday - Friday 9:30 am - 4:00 pm; Saturday 9:00 am – 12 pm
