Page 13 - Second Draw News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The Small Business Administration (“SBA”) recently issued a procedural notice (the “Notice”) to “All SBA Employees and Paycheck Protection Program Lenders” setting forth “Revised SBA Paycheck Protection Platform Procedures for Addressing Hold Codes on First Draw PPP Loans and Compliance Check Error Messages on First Draw PPP Loans and Second Draw PPP Loans.”  The Notice sets forth procedures Paycheck Protection Program (“PPP”) lenders must follow in approving First or Second Draw PPP loans under the 2021 Economic Aid Act. PPP Experience To Date As we discussed in a recen...

Identify a loan: - First Draw PPP Loans: For those who have not received a PPP loan before, First Draw PPP Loans are available. - Second Draw PPP Loans: For those who have previously received a PPP loan, certain businesses are eligible for a Second Draw PPP Loan. 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...

SBA prioritizes smallest of small businesses in the Paycheck Protection Program Steps taken to promote equitable relief for mom-and-pop businesses   From U.S. Small Business Adminsitration WASHINGTON – Building on a month of strong results, the Biden-Harris Administration and the U.S. Small Business Administration are taking steps with the Paycheck Protection Program to further promote equitable relief for America’s mom-and-pop businesses.  The latest round of Paycheck Protection Program funding opened one month ago and already the Biden Administration has succeeded in making maj...

Struggling businesses adversely impacted by the COVID-19 pandemic now have access to a second round of Paycheck Protection Program (“PPP”) stimulus funding enacted as part of the...

Small businesses employ nearly half of the American workforce; they create two out of three net new private-sector jobs.