Banks report E-tran difficulties; SBA lowers PPP bulk submission threshold
Banks of all sizes are reporting significant difficulties accessing the Small Business Administration’s E-Tran system after its reopening for Paycheck Protection Program loan applications this morning.
SBA and the Treasury Department today also announced that they have lowered the minimum number of PPP loan applications required for lenders to make a bulk data submission to the E-Tran system from 15,000 to 5,000.
SBA announced last night that it would allow a one-time large bulk submission of XML files to the E-Tran system from each lender. Lenders should create a single XML file to send to SBA, using the standard 6.0 SBA .xml data set for each loan, delimited. Loan applications submitted in bulk will be processed individually by the E-Tran system, and each individual loan is subject to funds availability. SBA has updated its guidance on XML submissions to include the new 5,000 application minimum.
These XML files of 5,000 or more approved PPP loans must be submitted to SBA by 9 p.m. EDT today, April 27, 2020. Read the updated guidance .
FREE webinar forum on PPP loans tomorrow
CBA will continue its open forum series to give bankers an opportunity to ask questions related to the PPP program. Bank attorneys and experts will be on-hand to to provide the most information they are able, although we know not every question can yet be answered. The forum will take place tomorrow at 10 a.m. Below is the link to join the meeting. 

Join Zoom Meeting:    
Meeting ID: 706 624 572 
Dial by phone: 1 669 900 6833 | Meeting ID: 706 624 572
COVID-19: HR considerations with reopening offices

Please join us as we discuss HR related issues as offices open up in Colorado. We will take a deep dive into how to get your bank and office ready. Topics to include:
  • Banking response
  • Employers States Council; business considerations 

  • How to screen, what businesses should do to keep everyone healthy 

Price : Members $50 Non members $75
*The cost is to pay for video conferencing fees and staff time 

When: Wednesday, April 29 10 a.m
How is COVID-19 affecting the housing market?

Please join us as John Covert, director of the Colorado and New Mexico region of MetroStudy presents on the pandemic’s continued impact on the residential construction market and industry changes.
Topics to include:

  • ​How has the home building industry fared so far in April? 

  • What can we learn from the March/April housing stats and existing home sales data?

  • What are the latest trends from the multifamily market?

Price : $50 members $75 for non members
*The cost is to pay for video conferencing fees and staff time 
When : Thursday, April 30 10 a.m.
Colorado Bankers Association
303-825-1575 | 303-825-1585