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

For Depository Institutions without access to the discount window, an additional document is required:

PPPLF Operational Documents for Depository Institutions 

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 The PPPLF loan will be considered fully paid off and the associated maturity pool of collateral will be automatically withdrawn.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.