Paycheck Protection Program: SBA Issues Guidance to Banks for Processing PPP Loan Applications in Bulk

April 27, 2020

With the SBA set to resume accepting Paycheck Protection Program loan applications on Monday, the agency issued guidance to allow lenders to make a one-time bulk submission of XML files to E-Tran.

The process is intended for banks with a large number of applications ready to submit will allow a single bulk submission per lender and. SBA will begin accepting applications at 10:30 AM EDT, Monday, April 27, 2020.

The guidance can be accessed here.