The landscape is changing furiously with regard to the Paycheck Protection Program loans, which are the forgivable loans that will be in hot demand. The U.S. Treasury has released information today, which included the application that will be used, along with a list of information for borrowers and lenders. Here are the links that you should be able to cut and paste into your browser:

Application:

https://home.treasury.gov/system/files/136/Paycheck-Protection-Program-Application-3-30-2020-v3.pdf

Borrowers Information:

https://home.treasury.gov/system/files/136/PPP%20Borrower%20Information%20Fact%20Sheet.pdf

Lenders Information:

https://home.treasury.gov/system/files/136/PPP%20Lender%20Information%20Fact%20Sheet.pdf

To the detriment of many, many businesses, not all banks are included as lenders at the outset. SBA lenders will be the first place that the Treasury looks to, and their clients will have the smoothest path forward. Other banks are presumably scrambling to get into line, as the Treasury has included provisions to allow other lenders to participate, but they have to apply and receive some level of certification. Best thing businesses and nonprofits can do is to check with their banks to see if they are SBA lenders.