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« BACK March 09, 2021 PPP Round 3 Information Updated March 9, 2021 VNB is accepting... | March 11, 2021

Nearly one year ago, in response to the COVID-19 pandemic and related economic downturn, the Small Business Administration-backed Paycheck Protection Program (PPP) provided loans to...

PPP Forgiveness Webinars Tuesdays The SBA Vermont District Office hosts free webinars from 11:30 a.m.  to 1 p.m. Tuesdays  about Paycheck Protection Program forgiveness. Topics include criteria, the process, changes and more. To access the webinar, click here. To access the webinar by phone, call 202-765-1264 and enter code 986 011 495#. For more information, email susan.mazza@sba.gov. PPP First & Second Draw Webinar Wednesdays The SBA Vermont District Office hosts free webinars from 9 a.m. to 10:30 a.m. Wednesdays about the Paycheck Protection Program First Draw and Second Draw options. ...

Forgiveness Reductions Based on Salary or Wages Documents 1. COVERED PERIOD: The covered period is the period beginning on the date the lender disburses the PPP loan and ending on the date selected by the borrower that occurs during the period (i) beginning on the date that is 8 weeks after the date of disbursement, and (ii) ending on the date that is 24 weeks after the date of disbursement (the “Covered Period”). Please note that the option to elect an alternative covered period was removed because the Economic Aid Act provided borrowers flexibility to choose the end of their Covered Per...

Iowa financial institutions have made more than 53,000 Paycheck Protection Program loans to small businesses in the second round of funding, according to the la