Exception Tracking Spreadsheet (TicklerTrax™)
Downloaded by more than 1,000 bankers. Free Excel spreadsheet to help you track missing and expiring documents for credit and loans, deposits, trusts, and more. Visualize your exception data in interactive charts and graphs. Provided by bank technology vendor, AccuSystems. Download TicklerTrax for free.
60,000 PPP loan applications approved, posts updates
The SBA has reported it has approved approximately 60,000 PPP loan applications submitted by nearly 3,000 lenders, for over $5 billion, between the program’s re-opening on Monday, January 11, at 9 a.m. ET through to Sunday, January 17. Last week, the PPP provided dedicated access to community financial institutions that specialize in serving underserved communities, including minority-, women- and veteran-owned small businesses from Monday through Thursday, joined Friday by smaller lenders. As of yesterday, January 19, the Paycheck Protection Program is open to all participating lenders.
The SBA also released, yesterday evening, updated SBA PPP Loan Forgiveness Application Forms 3508 and 3508EZ and an interim final rule on Loan Forgiveness Requirements and Loan Review Procedures (click the red "Download .pdf" button to save the file before opening).