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

Another round of the Paycheck Protection Program has been issued, and it has expanded eligibility to include farmers, ranchers and other self-employed people. The following is information from the Small Business Administration’s website and press releases: The Small Business Administration (SBA) has started accepting Second Draw Paycheck Protection Program (PPP) loan applications from participating community [...]

To embed, copy and paste the code into your website or blog: On December 27, 2020, President Trump signed the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act (the Economic Aid Act) (Pub. L. 116-260) into law to provide continued assistance to individuals and businesses that have been financially impacted by the ongoing coronavirus pandemic. Section 311 of the Economic Aid Act added a new temporary section 7(a)(37) to the Small Business Act (15 U.S.C. 636(a)(37)) that authorizes the U.S. Small Business Administration (SBA or the Administration) to guarantee Paycheck Prote...

In this Issue. The Office of the Comptroller of the Currency (OCC) issued guidance on its authority to charter limited purpose trust companies, raising the possibility that a limited...

PPP applications open for more small lenders

PPP Update As the U.S. Small Business Administration (SBA) opens the Paycheck Protection Program (PPP) application portal to lenders, ACCD is encouraging businesses to explore applying for the more than $284 billion has been allocated to this program nationally. Friday, the portal was opened to lenders with $1 billion or less in assets for First and Second Draw applications. The portal will fully open on Tuesday, January 19th to all participating PPP lenders to submit First and Second Draw loan applications to the SBA. Businesses can learn more learn more about First and Second Draw loans at ...