OMB Control Number: 3245-0415
Exp
iration Date: 06/30/2021
LENDER CERTIFICATION FOR REINSTATEMENT OR CORRECTION
OF PAYCHECK PROTECTION PROGRAM (PPP) LOAN
A lender in the Paycheck Protection Program (PPP) can use this form to request (1) reinstatement of a PPP loan that was
cancelled in SBA’s ETRAN system due to the lender’s data input error, or (2) correction of the lender’s data input error in
the SBA Loan Approval Amount of a PPP loan on ETRAN. SBA will rely on the information submitted on this form to
evaluate the lender’s request.
SBA’s authority to approve new PPP loans expired on August 8, 2020. Under Section 145.3 of OMB Circular A-11,
Preparation, Submission, and Execution of the Budget (7/10/20), SBA may correct data input errors after program
authority expires. See also 31 U.S.C.
§ 1553(a). Other types of requests for PPP loan reinstatements or PPP loan amount
changes, such as reinstatements of PPP loans that were intentionally cancelled or requests for PPP loan increases, are not
permitted. Lenders are not required to submit this form for decreases in the SBA Loan Approval Amount of a PPP loan;
the lender can perform that function in SBA’s ETRAN system.
Following are examples of lender requests for reinstatement or correction that can be submitted on this form:
Reinstatement Examples
Example 1: A lender approved a PPP loan and received an SBA loan number through ETRAN. The borrowe
r
s
igned a PPP note and sent it to the lender. The lender fully disbursed the PPP loan to the borrower. Wh
ile
a
ttempting to report the loan as fully disbursed, lender erroneously reported the loan as cancelled on SBA For
m
1502 i
nstea
d.
Example 2: A lender approved a PPP loan and received an SBA loan number through ETRAN. The lender’s
s
ystem contained two applications from the same borrower. While attempting to delete the duplicativ
e
a
pplication from the lender’s system, the lender mistakenly cancelled the approved loan in ETRAN
.
L
ender Data Input Error Correction Examples
Example 1: A lender approved a PPP loan and received an SBA loan number through ETRAN. The SBA Lo
an
A
pproval Amount in ETRAN was $100,800. The lender disbursed $100,800 to the borrower. The lend
er
m
istakenly decreased the SBA Loan Approval Amount in ETRAN to $100,400 and mistakenly reported tha
t
a
mount as disbursed on SBA Form 1502. The $400 decrease in the SBA Loan Approval Amount in ETRA
N
was a data input error by the lender, and the lender requests on this form that the SBA Loan Approval Amount
be restored to $100,800.
E
xample 2: A lender approved a PPP loan and received an SBA loan number through ETRAN. The SBA Lo
an
A
pproval Amount in ETRAN was $590,000. Before loan closing, the lender determined that the corr
ect
m
aximum loan amount was $550,000, a difference of $40,000. The lender disbursed $550,000 to the borrower
.
When the lender corrected the SBA Loan Approval Amount in ETRAN, the lender mistakenly entered
$500,500 instead of $550,000. The lender requests on this form that the SBA Loan Approval Amount be
co
rrected to $550,000, the amount actually disbursed by the lender
.
T
his form must be signed and certified by a Senior Vice President or equivalent Authorized Lender Official of the
lender that is the current PPP lender of record. (The Senior Vice President or Authorized Lender Official must be
an officer of the lender and cannot be a Lender Service Provider.) The lender must submit a separate form for each
PPP loan for which a reinstatement or correction is requested. Submit this form and all supporting documentation to the
appropriate SBA Loan Center. SBA may request additional documentation after reviewing the form.
Paperwork Reduction Act You are not required to respond to this collection of information unless it displays a currently valid OMB
Control Number. The estimated time for completing this questionnaire, including gathering data needed, is 30 minutes. Comments about
this time or the information requested should be sent to Small Business Administration, Director, Records Management Division, 409
3
rd
St., SW, Washington DC 20416, and/or SBA Desk Officer, Office of Management and Budget, New Executive Office Building,
Washington DC 20503. PLEASE DO NOT SEND FORMS TO THESE ADDRESSES.
SBA Form 3512 (12/2020)
Part A Reinstatement or Correction Request
On behalf of the Lending Institution named below, I am requesting reinstatement or correction of a PPP loan.
Lending Institution That Is the Current PPP Lender of Record
SBA Lender Location ID Number
Legal Name of Borrower
SBA PPP Loan Number
TIN (EIN, SSN) of Borrower
SBA Loan Approval Date
SBA Loan Approval Amount
To request reinstatement of a cancelled PPP loan, complete Sections 1 and 3. To request a correction of a
lender data input error in the SBA Loan Approval Amount, complete Sections 2 and 3.
Section 1. Reinstatement Request
Was the loan cancelled in SBA’s ETRAN system? YES NO
Was the loan disbursed? Y
ES
NO
If Yes, provide PPP loan disbursement date (mm/dd/yyyy): ____________________
Was the loan reported to SBA as fully disbursed on SBA Form 1502? YES NO
I
f Yes, provide the date the loan was reported to SBA as fully disbursed (mm/dd/yyyy):
_____________
Provide the date the loan was cancelled in SBA’s ETRAN system (mm/dd/yyyy): ____________________
Was the cancellation due to lender’s data input error? Y
ES
NO
Wh
at is the SBA Loan Approval Amount to be reinstated?
$____________________
S
ection 2. Lender Data Input Error Correction Request
Is this a request to correct the SBA Loan Approval Amount of a PPP loan? Y
ES
NO
Was the loan reported to SBA as fully disbursed on SBA Form 1502? YES NO
I
f Yes, provide the date the loan was reported to SBA as fully disbursed (mm/dd/yyyy):
_____________
What amount was reported to SBA on SBA Form 1502 as the fully disbursed amount? $____________________
W
hat amount was disbursed to the borrower?
$____________________
Is this correction necessary due to lender’s data input error? Y
ES
NO
W
hat is the correct SBA Loan Approval Amount?
$____________________
S
ection 3. Lender Explanation of Error
Provide a detailed explanation of the error, including the reasons it occurred and how and when it was discovered.
Attach all documents that support the lender’s request, including, if applicable, evidence of the amount of the PPP
loan disbursed to the borrower, the date of the disbursement, and evidence that the PPP loan is outstanding.
SBA
Form 3512 (12/2020)
Part B Certification of Authorized Lender Official
I certify that:
The information provided above and in the attached documents is true and correct.
My institution has complied with all applicable PPP lender obligations for the loan referenced above.
My institution confirms the accuracy and completeness of all prior lender submissions to SBA on the
referenced loan, with the exception of the error(s) described above.
I am a Senior Vice President or an equivalent Authorized Lender Official, I am an officer of the lender
named below, and I am authorized to provide this certification on behalf of the lender named below.
__________________________________________
L
ender (current PPP lender of record)
_
_________________________________________ ____________________________
S
ignature of Authorized Lender Official Date
_
_________________________________________ ____________________________
P
rint Name of Authorized Lender Official Title
__________________________________________ ____________________________
Email Address Phone Number
SBA Form 3512 (12/2020)
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