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COVID-19 info for small business lenders
The FDIC has created a page on its website with Coronavirus (COVID-19) Information for Small Business Lenders.
The FDIC is working with the SBA to help ensure that FDIC-supervised banks have the information they need to become SBA-certified lenders and start making loans to small businesses through the SBA’s recently launched Paycheck Protection Program (PPP).
One of the resources listing on the page is an FAQ on the SBA's Paycheck Protection Program, which was most recently updated on April 5, 2020. Lenders should return to the FAQ for updates, because Treasury and the SBA continue to fine-tune aspects of the program.