PAGE 1 of 2 EXPIRES: 4-1-22

SBA Form 1353.3 (4-93) MS Word Edition; previous editions obsolete

Must be accompanied by SBA Form 58

Federal Recycling Program Printed on Recycled Paper

SBA Procedural Notice

TO: All SBA Employees and Paycheck Protection 

Program Lenders

SUBJECT: Second Notice on Modifications to 

SBA Forms 3506, 3507 and 750 CA (for purposes 

of PPP only)

CONTROL NO.: 5000-808756

EFFECTIVE: April 8, 2021

The PPP Extension Act of 2021 (“Extension Act”), signed into law by the President on March 

30, 2021, extended SBA’s authority to guarantee First Draw PPP Loans and Second Draw PPP 

Loans (collectively, “PPP Loans”) through June 30, 2021. This Second Notice modifies SBA 

Procedural Notice 5000-20074, Modifications to SBA Forms 3506, 3507 and 750 CA (for 

purposes of PPP only), to reflect the Extension Act.

The Extension Act contains an important restriction, which provides that from June 1, 2021 

through June 30, 2021, SBA shall not accept new PPP Loan guaranty applications from Lenders 

and shall only process PPP Loan guaranty applications submitted by Lenders to SBA before June 

1, 2021. In accordance with the Extension Act, at 12:00 am EDT on June 1, 2021, SBA will 

shut down the Paycheck Protection Platform (“Platform”) to new PPP Loan guaranty 

applications from Lenders. Any PPP Loan guaranty applications submitted by Lenders in the 

Platform before June 1, 2021 must be processed and receive an SBA loan number by 11:59 pm 

EDT on June 30, 2021. At 12:00 am EDT on July 1, 2021, SBA will shut down processing of 

any pending PPP Loan guaranty applications from Lenders for which an SBA loan 

number has not been issued. The additional time period for processing of PPP Loan guaranty 

applications received before June 1, 2021 allows Lenders and SBA to resolve Hold Codes and 

Compliance Check Error Messages. The foregoing dates and times are subject to availability of 

funds, and may change if funds are no longer available. 

Any Lender that was approved to make PPP Loans pursuant to an SBA Form 35061, 35072or 

750 CA3(when used solely for the purpose of Lenders participating in PPP) will be deemed by 

SBA to have agreed to the modification to such forms as described in this Second Notice if the 

1 SBA Form 3506 (CARES Act Section 1102 Lender Agreement).

2 SBA Form 3507 (CARES Act Section 1102 Lender Agreement – Non-Bank and Non-Insured Depository 

Institution Lenders).

3 SBA Form 750 CA (U.S. Small Business Administration, Community Advantage Pilot Program Loan Guaranty 

Agreement, Deferred Participation).
PAGE 2 of 2 EXPIRES: 4-1-22

SBA Form 1353.3 (4-93) MS Word Edition; previous editions obsolete

Must be accompanied by SBA Form 58

Federal Recycling Program Printed on Recycled Paper

Lender makes a PPP Loan on or after April 1, 2021. All such previously-approved Lenders will

not be expected to sign an updated version of the SBA Form; however, all new PPP Lenders will 

be required to sign the applicable revised SBA Form 3506 or 3507 or an SBA Form 750 CA with 

the new program termination date. 

This Second Notice modifies SBA Form 3506, SBA Form 3507, and SBA Form 750 CA (for 

purposes of PPP only) for previously-approved Lenders by extending the termination date set 

forth in Section 8 or Section 19 in each such form (as applicable) from “April 1, 2021” to “July 

1, 2021.” Participating PPP Lenders with such agreements, as well as 7(a) Lenders authorized to 

make PPP Loans, may, subject to availability of funds, continue to submit PPP Loan guaranty 

applications through SBA’s Platform until 11:59 pm EDT on May 31, 2021 and may continue to 

close and disburse PPP Loans for which SBA loan numbers are issued by 11:59 pm EDT on June 

30, 2021. 

Revised SBA Forms 3506 and 3507 for new Lenders will be issued and will be made available at 

sba.gov/ppp.

If you have any questions, please contact Eddie Ledford at edward.ledford@sba.gov.

Susan E. Streich

Director 

Office of Credit Risk Management