Business News Alert!
SBA Re-Opening Paycheck Protection Program to Small Lenders on January 15 and All Lenders on January 19
The SBA in consultation with the U.S. Treasury, will re-open the Paycheck Protection Program (PPP) loan portal to PPP-eligible lenders with $1 billion or less in assets for First and Second Draw applications on Friday, January 15, 2021 at 9 a.m. EST. The portal will fully open on Tuesday, January 19, 2021 to all participating PPP lenders to submit First and Second Draw loan applications to SBA.
Updated PPP Lender forms and guidance
An Overview of PPP2
Check out this article providing an overview of PPP Second Draw loans. We’ve also provided a high level overview of the the Stimulus bill signed into law on December 27, 2020.
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Last Updated: 1-13-21 at 5:30pm