Page 15 - Second Draw News Today

The Paycheck Protection Program (PPP) continues to reopen in a sequential fashion. This past Monday, Jan. 11, the PPP reopened for small businesses and other newly eligible entities that did not receive a PPP loan during the first round of the program this summer. The Small Business Administration (SBA) and the Department of the Treasury reserved the Monday opening for Community Financial Institutions (CFIs) to submit PPP loan applications. Wednesday, Jan. 13, the PPP reopened for eligible smal...

To embed, copy and paste the code into your website or blog: Unpacking the Economic Aid Act: Consolidated First Draw PPP Interim Final Rule, New First Draw PPP Loans, and Increases to First Draw PPP Loans (January 14, 2021) Late on January 6, 2021, the Small Business Administration (the “ SBA”) and the Department of Treasury released an Interim Final Rule called “Business Loan Program Temporary Changes; Paycheck Protection Program as Amended by Economic Aid Act” (sometimes referred to a...

Late on January 6, 2021, the Small Business Administration (the “SBA”) and the Department of Treasury released an Interim Final Rule called “Business Loan Program Temporary Changes;...

To embed, copy and paste the code into your website or blog: The Small Business Administration (SBA) has announced that they will reopen their portal for Paycheck Protection Program (PPP) loans for eligible borrowers beginning the week of January 11, 2021, after being shut down since August 8, 2020, when the prior congressional authorization for PPP loans expired. This new round of PPP loans is made possible by legislation that became effective on December 27, 2020, titled the Economic Aid to H...

Last month, Congress approved, and President Trump signed the Coronavirus Stimulus bill into law.[San Marcos, TX] [Hays County news] News, Features San Marcos News, San Marcos Record [Texas State]

The Small Business Administration announced that the Paycheck Protection Program loan portal opens Friday, Jan. 15 at 9 a.m. ET for PPP-eligible lenders with $1 billion or less in assets. Business...

Fewer restrictions and limitations on the PPP support available to farmers and ranchers as lenders reopen funds Jan. 15.

Pierre, SD, USA / DRGNews Jan 14, 2021 12:23 PM The U.S. Small Business Administration, in consultation with the U.S. Treasury Department, will re-open the Paycheck Protection Program loan portal to PPP-eligible lenders with $1 billion or less in assets for First and Second Draw applications tomorrow (Jan. 15, 2021) at 9am EST/8am CST. The portal will fully open Tuesday (Jan. 19, 2021) to all participating PPP lenders to submit First and Second Draw loan applications to SBA. Earlier in the week...

Daines: 2nd Round of PPP Funds Now Available Many Montana businesses are still struggling from the financial impacts of the COVID-19 shutdowns from last Spring, and many are still suffering under restrictions that remain in place. Now that another COVID-19 relief package was signed into law by President Trump, another round of Paycheck Protection Program funds are now available. DAINES: This PPP funding is critical for Montana small businesses who have been hit hard due to the pandemic. This f...

We have a new PPP Loan authorization bill out of Washington, after months of political wrangling. Congress could have done more, but they did provide for up to $2,000,000 in additional forgivable loans per borrower, along with provisions which specifically cater to the hospitality industry.