Sen. Cotton updates on SBA loans, Stimulus, Agriculture and more

US Senator Tom Cotton released updates on Wednesday evening from the federal government regarding COVID-19. See the outline below to look for topics on certain pages of this 18-page PDF document. Also see the document in jpg files at the end of this article.

1-2… SBA Updates

Pending Stimulus
Origination Fee Payment.
rule of “must disburse within 10 calendar days of loan approval
CAFS/ETRAN registration, passwords, access, approvals, EIN issues, prior loss issues, etc.
Guidance for Lenders
Disaster Loan Status or Questions:
The District Office has no visibility on the status of EIDL Loans.

3… U.S. Treasury Updates

Action Needed for Social Security Recipients with Dependents Who Do Not File Tax Returns to Receive $500 Per Child Payment

4-9… Cotton Staff – SBA PPP Overview

SBA Paycheck Protection Loan Program Overview
Background:
Interested Borrowers/Lenders:
Borrower Eligibility:
Lender Eligibility:
Loan Details:
Loan Forgiveness:
Other:
Common Questions and Answers

10-11… Cotton Staff – Recovery Checks For Americans

Eligibility:
For Individual Filers:
For Married Couples Filing Jointly:
For Heads of Household:
Common Questions and Answers

12… Cotton Staff – Medical Update

The Senate passed legislation to replenish the Paycheck Protection Program (PPP) and deliver more relief to hospitals and healthcare providers.

13… Department Of Health And Human Services (HHS) – $100 Billion

14… USDA Information:

USDA to Purchase Up to $3 Billion in Agricultural Commodities, Issue Solicitations for Interested Participants

15-17… White House Updates/Information

Additional Guidance from WH, CDC, CMS, FDA NIH, USDA, DHS, DOJ & VA (as of April 20, 5pm)
Highlights | President Trump and The Coronavirus Task Force Provide an Update To Americans
- Re-Opening the Country Safely
- Working with Governors on Testing
- Testing Update
- Supplies of Medical Equipment
- Treatments and Therapeutics
- New Funding Package
- Support for Healthcare Providers
- Oil Prices