Page 23 - Second Draw News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Operator Ladies and gentlemen, thank you for standing by and welcome to the BankUnited, Inc., Fourth Quarter and Fiscal Year 2020 Earnings Conference Call. [Operator Instructions] Please be advised that today's conference is being recorded. [Operator Instructions] I would now like to hand the conference over to your speaker today, Susan Greenfield, Corporate Secretary. Please go ahead, ma'am. Susan Wright Greenfield -- Investor Relations, Corporate Secretary Thank you, Victor. Good morning and thank you for joining us today on our fourth quarter and fiscal year 2020 results conference call. ...

To embed, copy and paste the code into your website or blog: The new Economic Aid Act passed by Congress authorizes new PPP loans for first-time borrowers, but also additional PPP loans for those that already received a loan last year. This addresses the requirements and issues for the self-employed and sole proprietors, who have no employees, and who wish to apply for a second PPP loan under the new law (“Second Draw PPP Loan”). Requirements: If you are self-employed/or a sole proprietor, with no W-2 employees, and you report income from your business on your personal tax return, Form 10...

The SBA has opened the Paycheck Protection Program to all participating lenders. Eligible small businesses can...

The U.S. Small Business Administration has already approved approximately 60,000 Paycheck Protection Program loan applications submitted by nearly 3,000 lenders, for over $5 billion, between the program's re-opening on Monday, Jan.

To embed, copy and paste the code into your website or blog: On December 27, 2020 the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act (the Economic Aid Act) was signed into law, which reopened the Paycheck Protection Program (PPP) both to first-time borrowers and, subject to stricter conditions and limits, to borrowers that previously received a PPP loan (second draw borrowers). [1] Under the Economic Aid Act, the last day to apply for and receive a loan under the reopened PPP is March 31, 2021. The Small Business Administration (SBA) and the Department of the Treasury (...