The U.S. Small Business Administration (SBA) has provided additional guidance related to Paycheck Protection Program (PPP) loans and Shuttered Venue Operators (SVO) grants. If you are considering this grant, please note that you will be ineligible if you have or will receive a PPP loan on or after December 27, 2020.
Depending on your situation, this guidance may impact your organization. For more information, please review the SBA website.
The SBA has published new Individual Funding Request (IFR) and new PPP application forms (SBA Forms 2483-C and 24830SD-C). The SBA has revised its procedures for PPP loan applications that require applicants
On Feb. 22, 2021, the Biden Administration and the U.S. Small Business Administration (SBA) issued new program guidelines for the Paycheck Protection Program (PPP). The SBA will be
It has been brought to our attention that private companies are soliciting our customers and offering Paycheck Protection Program loan forgiveness services. CRF neither endorses
When PPP was announced in April 2020, many businesses – particularly those owned by women and people of color – found themselves shut out of
All loans subject to credit approval and final guidance from the SBA on the Paycheck Protection Program. Funds are limited and subject to availability.
The information provided is solely for general knowledge and does not provide any professional advice regarding tax, accounting, legal, financial, or any other professional service. PPP borrowers should contact their professional service providers for a complete understanding of the PPP program requirements and forgiveness processes.
SBA regulations regarding the PPP program are subject to further limitations and changes. Borrowers must follow current regulations and processes based on SBA guidelines. All characteristics described above are from the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act (Economic Aid Act), and/or the Coronavirus Response and Relief Supplemental Appropriations Act. The terms and information outlined above are subject to change upon further rulemaking or guidance from the U.S. Small Business Administration and the U.S. government.
Community Reinvestment Fund, USA
801 Nicollet Mall, Suite 1700 West
Minneapolis, Minnesota 55402
Tel. 800-475-3050
General Fax: 612.338.3236
Loan Servicing Fax: 612.359.6185
Registered 501(c)(3). EIN: 41-1616861
NMLS ID: 310577
AZ Mortgage Banker License ID: BK-1000774
Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act and the California Finance Lenders Law
© 2021 Community Reinvestment Fund, USA. All rights reserved.
Community Reinvestment Fund, USA is an equal opportunity lender, provider, and employer.
Founded in 1988, Community Reinvestment Fund, USA (CRF) is a national non-profit organization with a mission to empower people to improve their lives and strengthen their communities through innovative financial solutions. A leading Community Development Financial Institution (CDFI), CRF supports mission-driven organizations, increases economic mobility, and builds strong local economies through the development of solutions aimed at creating an equitable financial system. CRF has injected more than $3 billion to stimulate job creation and economic development and support community facilities.
Learn more about CRF USA