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SBA, Guidance Memo: XML File Submission Process for Paycheck Protection Program (PPP)

Summary

A guidance memo marked updated 4-27-2020 on the XML file submission process for the Paycheck Protection Program. The Treasury Department and SBA are implementing a process that lets lenders with a large number of SBA-ready PPP loan applications make a one-time bulk submission of XML files to E-Tran. SBA will accept one bulk submission per lender, and the minimum amount of SBA-ready PPP loans a lender must have ready is 5,000 loans. The files must be submitted by 9pm EDT on Monday, April 27, 2020. SBA will process each loan individually, subject to funds available and the individual lender cap, and return a single file to the lender.

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Cite this document

“SBA, Guidance Memo: XML File Submission Process for Paycheck Protection Program (PPP).” Original at legacy.sba.gov. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/sba-guidance-memo-xml-file-submission-process-for-paycheck-protection-33c55ccc5b/, SHA-256 b26579a2283719fa73b524419626e47114aeddef1b0037305e567c20f1e3aeb4.

Full text

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
UPDATED-4-27-20---SBA-XML-Submission-Guidance-Memo.pdf
Size
68,953 bytes
SHA-256
b26579a2283719fa73b524419626e47114aeddef1b0037305e567c20f1e3aeb4
Our copy
UPDATED-4-27-20---SBA-XML-Submission-Guidance-Memo.pdf
Original
legacy.sba.gov
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