SBA Disaster Relief Loan Programs

As one of SBA’s local Authorized Lenders, Bank of Guam is here to help and support you through the SBA loan process. Below you will find information on the Paycheck Protection Program. We understand that many of you will need our help to navigate through this program, rest assured we’ll be here every step of the way.

PAYCHECK PROTECTION PROGRAM (PPP)

*New Letter from our CEO: January 7, 2021

*New SBA Takes Steps to Improve First Draw Paycheck Protection Program Loan Review: January 16, 2021

*New PPP Report: January 24, 2021

SBA News Release: January 11, 2021

SBA, in consultation with the Treasury Department, has recently released additional PPP forms and guidance. Please note that when the loan application process opens, Bank of Guam will only be accepting applications online through a link that will be provided on this page when available. 

Updated First Draw Forms 

Form 2483 – First Draw Borrower Application (Updated 1/8/21) 
Form 2484 – First Draw Lender Guaranty Application (Updated 1/8/21) 

Second Draw Forms

Form 2483-SD – Second Draw Borrower Application (Released 1/8/21) 
Form 2484-SD – Second Draw Lender Guaranty Application (Released 1/8/21) 

Loan Forgiveness

For SBA updates and resources, click here (Updated 1/26/2021)
Find the Interim Final Rule here (Release 1/19/21)

Guidance & Resources 

Top-Line Overview of First Draw PPP Loans (Released 1/8/21) 
Top-Line Overview of Second Draw PPP Loans (Released 1/8/21) 
Accessing Capital for Minority Underserved, Veteran and Women-Owned Business Concerns Guidance (Released 1/6/21)  
Interim Final Rule #1 – PPP as Amended by Economic Aid Act (Released 1/6/21) 
Interim Final Rule #2 – PPP Second Draw Loans (Released 1/6/21) 
Procedural Notice – Modifications to SBA Forms 3506, 3507 and 750 CA (PPP only) (Released 1/8/21) 
Procedural Notice - SBA Procedural Notice on Repeal of EIDL Advance Deduction Requirement (Released 1/8/21)
*New Second Draw Revenue Reduction Calculation FAQs (Released 1/19/2021)

For more information and updates, visit SBA.gov/PPP or Treasury.gov/CARES