Page 22 - First Draw News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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 applications to the SBA. The new loans will provide up to $284 billion toward job retention and cert...

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.

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 filer’s dependent children 17 years old and younger) New expanded and extended charitable tax ded...

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 13.  The PPP will open to all participating lenders shortly thereafter. Updated PPP guidance outli...

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 Program (PPP), allowing businesses to apply for a loan for the first time or, in some cases, allowing exis...