NH Business Review
Participation by local banks on hold as SBA draws up guidance
January 11, 2021
Amy Bassett, newly named director of the U.S. Small Business Administration’s New Hampshire district office.
Although Monday is the first day to apply for the new Paycheck Protection Program, most businesses in New Hampshire still have to wait or apply out of state.
That’s because, for now, the U.S. Small Business Administration is only allowing Community Financial Institutions to process the loans at this point, and there are no such institutions set up to take PPP loan applications in New Hampshire.