Page 27 - First Draw News Today : Breaking News, Live Updates & Top Stories | Vimarsana

LAKELAND — Hundreds of billions of federal dollars are set to reinvigorate small businesses in the near future, a measure business owners say they sorely need. In December, President Donald Trump signed a $900 billion coronavirus relief bill that included the allocation of $284 billion for the Paycheck Protection Program, overseen by the U.S. Small Business Association. The program kept some local business owners from shutting their doors forever during economic lockdowns in the spring and summer of 2020. While the money might not be a long-term solution if COVID-19 continues to tank foo...

WASHINGTON, D.C. — The U.S. Small Business Administration, in consultation with the Treasury Department, announced Friday the Paycheck Protection Program (PPP) will re-open the week of January 11 for new borrowers and certain existing PPP borrowers, according to a news release from the Maine Department of Marine Resources. 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 release noted. The PPP will open to all participating lenders shortly t...

WASHINGTON - The U.S. Small Business Administration (SBA), in consultation with the Treasury Department, announced Friday that the Paycheck Protection Program (PPP) will re-open the week of Jan. 11 for

SBA, Treasury Press Release WASHINGTON – The U.S. Small Business Administration (SBA), in consultation with the Treasury Department, announced today 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 outlining Program change...

The Paycheck Protection Program reopens for applications next week. Here's what to know A worker operates an automated rack of dry cleaned clothing ready for pickup at cleaners. The U.S. Small Business Administration and Treasury announced Friday, Jan. 8, the Paycheck Protection Program will reopen the week of Jan. 11 with priority given to new borrowers and certain existing PPP borrowers. The prioritized groups will include owners of small businesses who are people of color, women and veterans, and those in underserved geographic areas. The SBA's intention is to help ensure people in those...