Now available: Updated documentation on reporting requirements for paydowns of PPP loans pledged to the Paycheck Protection Program Liquidity Facility (PPPLF)
September 16, 2020
The Federal Reserve’s Paycheck Protection Program Liquidity Facility (PPPLF) bolsters the effectiveness of the Small Business Administration's Paycheck Protection Program (PPP) by supplying liquidity to participating financial institutions through term financing backed by PPP loans to small businesses. The PPPLF extends credit to all lenders that are eligible to originate PPP loans, taking the loans as collateral at face value.
PPPLF participants are required to pay down a PPPLF advance upon receiving loan forgiveness reimbursement or other payments on PPP loans that are pledged to the PPPLF. Updated documentation on reporting requirements and reporting forms (Off-site) for paydowns of PPP loans pledged to the PPPLF are now available. Additional information about the PPPLF program can be found on the Discount Window (Off-site) website. Inquiries about this program can be sent to firstname.lastname@example.org.