Page 16 - Second Draw News Today

Signed into law on December 27, 2020, The Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act creates a second opportunity for businesses that have utilized the full...

By Staff Small lenders in Maine and throughout the U.S. on Friday will be able to begin writing a new round of loans through the Paycheck Protection Program, and lenders of every size can start Tuesday. The U.S. Small Business Administration will reopen the PPP loan portal to eligible institutions with $1 billion or less in assets at 9 a.m. Jan. 15, according to a news release Thursday. The portal will fully open on Jan. 19 for all PPP lenders to submit First and Second Draw loan ...

Small Business Administration and Department of the Treasury have issued two Interim Final Rules to change the Paycheck Protection Program to extend the authority to make PPP loans through March 31, 2021.

SBA reopens Paycheck Protection Program offering forgivable loans to small businesses In the first days, smaller, community financial institutions will have access, prioritizing first-time borrowers who may have missed the previous round. Author: Kayland Hagwood Updated: 7:59 PM EST January 12, 2021 SUMTER, S.C. — Another round of forgivable coronavirus relief loans are now available to small businesses. The U.S. Small Business Administration (SBA), in consult...

Newly replenished EIDL Loan and Advances (not a second draw) – already open to  New Shuttered Live Venue Operators and Talent Representatives available to nonprofit, for-profit, and government owned or operated performing arts venues and museums ($15 billion) New Pandemic Unemployment Assistance for gig workers, W2 employees, and now “mixed earners” New IRS  Stimulus Checks of $600 per taxpayer (phasing incrementally out after $75,000 adjusted gross income) and $600 for each of the tax...

Paycheck Protection Program Re-Opens Published: 13 January 2021 The U.S. Small Business Administration (SBA), in consultation with the Treasury Department, announced that the Paycheck Protection Program (PPP) will re-open the week of January 11 for new borrowers and certain existing PPP borrowers. To promote access to capital, initially only community financial institutions will be able to make First Draw PPP Loans on Monday, January 11, and Second Draw PPP Loans on Wednesday, January...

To embed, copy and paste the code into your website or blog: On December 27, 2020, the Consolidated Appropriations Act, 2021 (“the Act”), was signed into law.  The new law both funded the U.S. government for the remainder of FY 2021 and made available a wide range of COVID-19 relief support, including The Economic Aid to Hard-Hit Small Businesses, Nonprofits and Venues Act (“Economic Aid Act”). The Act reopens the Small Business Administration’s (“SBA”) Paycheck Protection Progra...

Beginning Tuesday (January 12th) community financial institutions can submit First Draw PPP loan applications ...

WASHINGTON – The U.S. Small Business Administration, in consultation with the U.S. Treasury Department, re-opened the Paycheck Protection Program (PPP) loan portal today at 9 am ET. SBA is continuing

Paycheck Protection Program: Who Can Get It, And How It Works With the latest COVID-19 relief package including $284 billion for small business loans under the Paycheck Protection Program (PPP), KHTS has compiled a breakdown of who can apply for these loans, and how they work. As part of the most recent COVID-19 relief package signed at the end of December, $284 billion was allocated for PPP loans, providing much-needed relief to struggling small businesses across the country. Under the PPP, sm...