Guidance Memo: XML File Submission Process for Paycheck Protection Program (PPP)
Summary
A guidance memo updated April 27, 2020 on the XML file submission process for the Paycheck Protection Program (PPP), describing a one-time bulk submission of XML files to E-Tran that the Treasury Department and SBA set up for lenders with a large number of SBA-ready PPP loan applications. SBA accepts one bulk submission per lender, with a minimum of 5,000 SBA-ready loans, due by 9pm EDT on Monday, April 27, 2020; each loan is processed individually, subject to funds available and the individual lender cap. The memo's numbered steps have the lender build a single delimited file in the standard 6.0 SBA .xml data set, upload it through the Messenger function in E-Tran, SBA validate each loan and remove error files, and SBA return one file with guarantee numbers, approved amounts and the loans not processed.
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Full text
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GUIDANCE MEMO: UPDATED 4-27-2020
XML File Submission Process for Paycheck Protection Program (PPP)
The Treasury Department and SBA are implementing a process that allows lenders that have
a large number of SBA-ready PPP loan applications to make a one-time bulk submission of
XML files to E-Tran.
XML File Submission: The SBA will accept one bulk submission per lender. The minimum
amount of SBA-ready PPP loans that a lender must have ready for XML file submission is
5,000 loans. Submissions will be processed individually and each loan in the bulk submission
will be subject to funds available for the program and subject to the individual lender cap.
The lending institution may coordinate the XML submission file with SBA by emailing
Sheri.McConville@sba.gov
Please note these XML files must be submitted to SBA by 9pm EDT on Monday, April 27,
2020.
How It Works:
1. The lender must use the standard 6.0 SBA .xml data set for each loan, delimited, and
create a single file for submission to SBA. Lender creates a flat file of .xml for all loans
in their pipeline that have gone through the lender’s preapproval processes and are
ready to send to SBA for processing.
2. The lender transmits the file to SBA via file upload. Using the Messenger function in
SBA E-Tran, the lender uploads the XML submission to the agency.
3. SBA will process the XML submission into E-Tran, using its standard validation, on an
individual loan basis. Error files within the XML submission will be automatically
removed. Approved loans will be issued a guaranteed SBA loan number.
4. SBA will return a single file to the lender. For successful PPP loan applications, the file
will contain the following data: SBA loan guarantee numbers, amounts approved, and
related information. Additionally, the file will note loans that were not successfully
processed by SBA loan systems.
About this XML Process:
• This solution uses E-Tran for loan approval, the same as traditional submission
methods.
• This solution processes loans individually, and each individual loan is subject to funds
availability.
• This solution does not work with any other software vendor product.
File and source
- File
- document-policy-guidance--guidance-memo-xml-file-submission-process-paycheck-protection-program-ppp.html
- Size
- 3,159 bytes
- SHA-256
- 9c29854c62e4ea1c4c1890aa18620463eb310869533d4688252d143f2ff42f6c
- Original
- www.sba.gov