SBA PPP Final Loan Review Decision Letter Template Redacted 2021

Summary

A template of a U.S. Small Business Administration letter to a lender, sent via the forgiveness platform, giving a Paycheck Protection Program final SBA loan review decision. The template lists fields for borrower, approved loan amount, loan approval date, lender forgiveness decision and SBA final forgiveness amount, and it states that SBA has determined the borrower was ineligible for the PPP loan. It directs the lender to give the borrower a copy within 5 business days, to keep servicing the loan and to notify the borrower that any remaining balance must be repaid by the maturity date. It sets out the borrower's right to appeal to SBA's Office of Hearings and Appeals under 13 CFR § 134.1201(b), including the 30 calendar day filing deadline in 13 CFR § 134.1202(a). The letter closes with the signature block of the Office of Capital Access.

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Full text

                              SMALL BUSIN ESS ADMINISTRATION
                                  WASHINGTON, DC 20416




VIA FORGIVENESS PLATFORM




Re : PAYCHECK PROTECTION PROGRAM FINAL SBA LOAN REVIEW DECISION
     Borrower :

    Approve d Loan Amount:
    Loan Approval Date:
    Lender Forgiveness Decision Submissio~
    Lender Forgiveness Decision Amount: ~
    SBA Final Forgiveness Am ount: $ -

Dear:
The U.S. Small Business Administration (SBA) h as completed its review of the above­
re fer en ced Paycheck Protection Program (PPP) loan. Based on a review of le nder
and/or borrower submissions, a nd conside ration of the facts and circumstances, SBA
has made a final SBA loan r eview decision.




SBA has detennined that the borrower was ineligible for the PPP loan. The
reason(s) for SBA's decision is as follows:
Based on the above stated reason(s), SBA has determined that forgiveness in the
amount of $      is appropriate. Additional details regarding the forgiveness payment
amount (if any) will be provided in a Notice of Paycheck Protection Program
Forgiveness Payment.

Within 5 business days of the date of this letter, you must provide a copy of this final
SBA loan review decision to the borrower.

You must continue to service the loan. You must notify the borrower that the
remaining balance of the loan after application of the forgiveness payment (if any)
must be repaid on or before the maturity date. The notification must include the date
on which the first principal and interest payment is due and the amount of the
borrower’s regular payment. As set forth below, if the borrower files a timely appeal
with SBA’s Office of Hearings and Appeals (OHA), the deferment period of the loan
will be extended pursuant to 13 CFR § 134.1211.

Pursuant to 13 CFR § 134.1201(b), the borrower has the right to appeal to SBA’s
Office of Hearings and Appeals a final SBA loan review decision that the borrower:

   1. was ineligible for a PPP loan;
   2. was ineligible for the PPP loan amount received or used the PPP loan proceeds
      for unauthorized uses;
   3. is ineligible for PPP loan forgiveness in the amount determined by the lender in
      its full approval or partial approval decision issued to SBA; and/or
   4. is ineligible for PPP loan forgiveness in any amount when the lender has issued
      a full denial decision to SBA.

Any appeal must be made in accordance with the SBA Rules of Practice for Borrower
Appeals of Final SBA Loan Review Decisions Under the Paycheck Protection
Program, located at 13 CFR § 134.1201, et seq., including but not limited to the
following:

   • An appeal petition must be filed with SBA’s Office of Hearings and Appeals
     (OHA) within 30 calendar days after the borrower’s receipt of the final SBA loan
     review decision. 13 CFR § 134.1202(a). To file and manage an appeal of a final
     SBA loan review decision with OHA, refer to Office of Hearings and Appeals.
   • Borrower must include, among other things, a copy of this final SBA loan review
     decision with its appeal. 13 CFR § 134.1204(a).
   • Borrower must provide you (the lender) with a copy of the timely appeal
     petition filed with OHA so that you can extend the deferment period of the loan.
     13 CFR § 134.1202(b).
   • An appeal to OHA is an administrative remedy that must be exhausted before
     judicial review of a final SBA loan review decision may be sought in a federal
     district court. 13 CFR § 134.1201(d).


Thank you for your cooperation.

Sincerely,

Office of Capital Access
U.S. Small Business Administration


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SBA_PPP_Final-Loan-Review-Decision-LETTER-TEMPLATE-Redacted_2021.pdf

Original

www.sba.gov