We have been advised from the Treasury Department that they have made a change to the CERTS application and how people list their PPP loans/grants. This effects those who have filled out their application in the first week of the portal being open.
Originally the application only allowed companies to list one PPP loan number. There was no place to list additional PPP loans or additional amounts. Treasury mistakenly assumed people would roll the amounts all together. And once the CERTS application is submitted there is no way you would know this section changed.
Operators who only listed one PPP (but received multiple) need to go back to their application and edit how many loans they received. To do this, you need to contact Treasury at either at CERTS@treasury.gov or call the helpdesk 877-398-5862 and request to open your application so you can correct the error.
The Treasury has updated their FAQs to address this and other issues/questions that have come in since the portal opened.
Register for ABA's Webinar on the CERTS Application Changes Today
Confused? Wondering how others are managing? On July 7 at 3 p.m. ET, ABA will host a webinar on how to complete an application and address changes or clarifications to the application. We will include ABA members who have already gone through the process talk about their experience. Register today!