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