Paycheck Protection Program Liquidity Facility (PPPLF)

Non-depository institutions should visit the PPPLF for Non-Depository Institutions page for additional information.

Last Updated 7/28/2020

Term Sheet

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

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

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

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 for two purposes: To report the underlying SBA loans pledged as collateral when requesting an advance. One listing is required for each maturity pool of collateral. To report payments on the underlying SBA loans. For PPPLF payments, you must continue to include all SBA loans pledged to the pool that have a balance. New loans cannot be added during the payment process. Any loans left off of the form will be considered paid off and ineligible for future pledging. Do not edit this form beyond adding rows to report additional loans.	Sample - Paycheck Protection Program Individual Loan Reporting Table - PPPLF
Transmittal Form to Report Reductions in Outstanding Principal Balance	This form is used to reflect incremental payments or forgiveness on the underlying SBA loans, but not a request to pay off the advance in full. A Paycheck Protection Program Individual Loan Reporting Table must be submitted in conjunction with this form. A separate transmittal and loan listing is required for each maturity pool.	Sample - Transmittal Form to Report Reductions in Outstanding Principal Balance
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.