Note, do not include hyphens or dashes when entering your SBA loan number in your PPP application. SVP at a bank ($239M USA) We have been entering loans in the SBA connect portal - when we upload it states that the information has been received and we get a loan number. If you do not know your SBA Customer ID number, you may find it by doing a Small Dynamic Business Search from the CCR Home page (www.ccr.gov).On the search form, enter your EIN or Duns number and click on the “Search” button.. What credit score is needed for an SBA loan? The lender must make a one-time, full disbursement of the PPP loan within ten calendar days of loan approval; for the purposes of this rule, a loan is considered approved when the loan is assigned a loan number by SBA. If you received a PPP loan in 2020: The SBA Loan Number is a 10-digit number. To calculate your maximum forgivable amount, divide the 2019 Schedule C, line 31 amount by 12 months and multiply the result by 2.5 months. The SBA continues to release updated guidance. The amount of your PPP loan forgiveness will be based on your 2019 Schedule C, line 31. Here’s how to fill out the simplified SBA Form 3508EZ.For loan amounts less than $150,000, you can use the new Form 3508S.. On May 18, the SBA released the official form you’ll need to fill out in order to apply for forgiveness on your PPP loan, also known as SBA Form 3508. It’s at the beginning of page 2 and also on the upper left of all pages in that document. The SBA has issued specific instructions for how all PPP lenders must calculate the loan amount. I just got approved for the SBA PPP (Paycheck Protection Program) forgivable loan, find out how I did it. The ProPublica tool offers four ways to sift through PPP loan data. Important: Once a lender has accepted your application and you receive an email assigning you a PLP number (preferred lending partner number), this means you are also in the U.S. Small Business Administration’s loan system and the lender that accepted your application will be the only lender who will be able to make you a PPP loan. Once an SBA loan number is issued, the PPP loan must still go through the lender’s final underwriting process. To find the proper contact information for the firm able to service a previous loan or assist you with your PPP loan forgiveness, enter your PLP number – – SBA loan number – – in the text box to the right. If my loan is assigned an E-Tran number, does that mean I will get my PPP funding? Businesses can apply for a second PPP loan if they have used, or will use, the full amount of their First Draw PPP loan on or before the expected date on which the Second Draw PPP loan is disbursed. First, you need the SBA loan number for your EIDL loan. 0. theresa espinosa How will the amount of my SBA PPP loan forgiveness be calculated and what documents do I need to upload? If the 10th day falls on a holiday or a weekend, they may fund the following weekday." SBA Procedural Notice that Impacts Certain Borrowers Who Received a PPP Loan in 2020. Wells Fargo customer who had a First Draw PPP Loan with us, and you would like to apply with a different lender for a Second Draw PPP Loan - You will need to contact us at (844) 304-8911 to request your PPP First Draw SBA Loan Number. Please keep in mind that we have 60 days from receipt of a complete application to issue a decision to SBA. An SBA Loan Number for second-draw loans (Please refer to your first PPP loan note. This number is not listed on loan documentation provided for your First Draw PPP Loan. This 10-digit number is in the Loan Authorization and Agreement (LA&A) you electronically signed with the SBA. 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