Lender Online Portals

Can lenders use their own online portals to collect the necessary information and documents?

Yes, lenders are welcome to collect applications and documentation through their own online portals to help make the process smoother. They will need to use the SBA.gov portal to submit the data and collect an e-tran number.

Linked here and pasted below is the text from the official question and answer document published by the Department of the Treasury on April 10, 2020, which you should reference:

https://home.treasury.gov/system/files/136/Paycheck-Protection-Program-Frequently-Asked-Questions.pdf

Below is the official question from Q13 as of April 10, 2020

13. Question: Are lenders permitted to use their own online portals and an electronic form that they create to collect the same information and certifications as in the Borrower Application Form, in order to complete implementation of their online portals?

Below is the official answer from Q13 as of April 10, 2020

Answer: Yes. Lenders may use their own online systems and a form they establish that asks for the same information (using the same language) as the Borrower Application Form. Lenders are still required to send the data to SBA using SBA’s interface.

You just learned about: Lender Online Portals

For more information, check out this related resource: Funding a Business

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