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Paycheck Protection Program Research Status Deadline 

May 28, 2020

By Caity Witucki
Contributing Editor

Paycheck Protection Program Research Status Deadline 

The SBA has marked some Paycheck Protection Program (PPP) loans in E-Tran as requiring further research. Loans are placed in research status if they contain inaccurate or conflicting information. These loans must be reviewed by lenders by 8:00 pm EDT, Thursday, May 28, 2020.

To conduct a review, lenders should take the following steps:

  1. Log into the Capital Access Financial System (CAFS).

  2. Select “Electronic Lending – Servicing (ETRAN)” from the Loans Menu.

  3. Search for loans by selecting “Search” on the top menu bar. Then, select “Research” from the drop-down menu and click “Submit”.

  4. If there are loans in research status, lenders should click on the App# hotlink to view and update their loans.

  5. Update the Loan.

Lenders should review all fields in these files for accuracy and completeness including Borrower Name, Borrower EIN and/or Borrower SSN. 

Any loans remaining in research status after May 28, 2020 will be at risk
of cancellation by SBA.

Source:
U.S. Small Business Administration – How To Find a Research PPP Loan File

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