SBA EIDL and PPP Bookkeeping and Record keeping requirements.

FAQ#: 399 published 8-6-2020

EIDL: Economic Injury Disaster Loan

Page 4 of 11. SBA Form 1391 (5-00) BOOKS AND RECORDS
"Borrower will maintain current and proper books of account in a manner satisfactory to SBA for the most recent 5 years until 3 years after the date of maturity, including extensions, or the date this Loan is paid in full, whichever occurs first. "

Resource: U.S. Small Business Administration Economic Injury Disaster Loan LOAN AUTHORIZATION AND AGREEMENT

PPP: Paycheck Protection Program loan

Page: 8 of the Interim final rule under question: c. When will SBA undertake a loan review? (13 CFR Part 120)

"As noted on the Loan Forgiveness Application Form, the borrower must retain PPP documentation in its files for six years after the date the loan is forgiven or repaid in full, and permit authorized representatives of SBA, including representatives of its Office of Inspector General, to access such files upon request."

Resource: Docket Number SBA-2020-0033

Comment | Suggestion | Feedback

How do I know if my mortgage is federally backed or federally secured? COVID-19 Housing Assistance Program Appeals Process.

FAQ#: 460 published 1-13-2022 2 min. 50 seconds read

Read


Reconsideration of Declined Loan Applications SBA Economic Injury Disaster Loan (EIDL)

FAQ#: 235 published 4-23-2020 updated 1-4-2022 4 min. 48 seconds read

Read


Reconsideration of Declined EIDL add Personal Financial Statement Disaster Programs SBA Form 413D (03-18) to your document list.

FAQ#: 403 published 8-6-2020 updated 12-31-2021 1 min. 54 seconds read

Read


FEMA Resource for Substantially damaged homes

FAQ#: 384 published 4-25-2021 updated 12-31-2021 1 min. 27 seconds read

Read


Insurance company issued a two-party check for hurricane damage repairs but my mortgage handler is holding the money from me. Why are they doing this?

FAQ#: 455 published 12-30-2021 3 min. 44 seconds read

Read


What is a labor broker and how do they work?

FAQ#: 450 published 12-13-2021 1 min. 25 seconds read

Read


What would you normally find on a Schedule of Liabilities form?

FAQ#: 274 published 8-5-2020 updated 12-11-2021 2 min. 2 seconds read

Read


What does FEMA Federal Cost Share cover and does my state have to agree to pay the cost share?

FAQ#: 461 published 9-22-2021 updated 12-11-2021 3 min. 57 seconds read

Read


Disaster Unemployment Assistance (DUA) for Independent Contractors, Self-Employed and others is coming to an end but don't stop filing if you are unemployed.

FAQ#: 260 published 8-11-2021 1 min. 19 seconds read

Read


SBA proposed to remove provisions that currently make faith-based organizations ineligible for certain SBA disaster loans and other loan eligibility issues determined to violate the Free Exercise Clause of the First Amendment to the Constitution.

FAQ#: 442 published 8-10-2021 5 min. 38 seconds read

Read