Paycheck Protection Program Liquidity Facility (PPPLF)
Non-depository institutions should visit the PPPLF for Non-Depository Institutions page for additional information.
Last Updated 9/25/2020
Term Sheet
PPPLF Borrowing Documentation for Depository Institutions
- Letter of Agreement - PPPLF (Effective May 1, 2020)
- Borrower Certification - PPPLF
- PPPLF Borrowing Documentation Guide
- Sample - Letter of Agreement - PPPLF
- Sample - Borrower Certification - PPPLF
- Authorizing Resolutions for Borrowers
Please Note: If your institution was chartered by the State of Wisconsin, please complete the Authorizing Resolution for Borrowers Chartered by the State of Wisconsin
PPPLF Operational Documents for Depository Institutions
- PPPLF Operational Document Guide
- Reporting Requirements for Paydowns of PPP Loans Documentation Guide
- Guide for Pledging PPP Loans with Modified Maturities
| FORM | USE CASE | SAMPLE |
|---|---|---|
| Transmittal Form to Pledge Collateral and Request Advance - PPPLF |
This form is used to pledge collateral and request an advance from the PPPLF. A Paycheck Protection Program Individual Loan Reporting Table is required to accompany this form. A separate transmittal and loan listing is required for each maturity pool. |
Sample - Transmittal Form to Pledge Collateral and Request Advance - PPPLF |
| Paycheck Protection Program Individual Loan Reporting Table -PPPLF |
This form is used to report the underlying SBA loans pledged as collateral when requesting an advance. One listing is required for each maturity pool of collateral. Do not edit this form beyond adding rows to report additional loans. |
Sample - Paycheck Protection Program Individual Loan Reporting Table - PPPLF |
| Individual PPP Loan Reduction Report (reduction report) |
This report is for submitting PPP loan reduction payments and the matching PPPLF advance reduction. The lending Reserve Bank will reduce the PPPLF advance amount to ensure that the PPPLF advance amount does not exceed the outstanding amount of PPP loans pledged to secure the advance. Effective September 18, 2020, this single reduction report form replaces the two forms (Transmittal Form for Reporting Reductions of Outstanding Principal Balance of Small Business Administration Paycheck Protection Program Loans Pledged to Secure Paycheck Protection Program Liquidity Facility Advances and the Paycheck Protection Program Individual Loan Listing Table) that were used starting in May 2020. |
Sample - Individual PPP Loan Reduction Report (reduction report) |
| Transmittal Form for Full Payoff |
This form is used to pay off an advance in full prior to maturity. This form is used when funds are no longer needed but collateral is not necessarily paid down or off. A Paycheck Protection Program Individual Loan Reporting Table is NOT required to accompany this form. The PPPLF loan will be considered fully paid off and the associated maturity pool of collateral will be automatically withdrawn. |
Sample - Transmittal Form for Full Payoff |
Additional information can be found on the Frequently Asked Questions page. Depository institutions should submit completed PPPLF documentation by email to the PPPLF mailbox at its local Reserve Bank.
