May 28, 2020
By Caity Witucki
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:
- Log into the Capital Access Financial System (CAFS).
- Select “Electronic Lending – Servicing (ETRAN)” from the Loans Menu.
- Search for loans by selecting “Search” on the top menu bar. Then, select “Research” from the drop-down menu and click “Submit”.
- If there are loans in research status, lenders should click on the App# hotlink to view and update their loans.
- 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.