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The Small Business Administration announced that the Paycheck Protection Program loan portal opens Friday, Jan. 15 at 9 a.m. ET for PPP-eligible lenders with $1 billion or less in assets. Business...
Fewer restrictions and limitations on the PPP support available to farmers and ranchers as lenders reopen funds Jan. 15.
Pierre, SD, USA / DRGNews Jan 14, 2021 12:23 PM The U.S. Small Business Administration, in consultation with the U.S. Treasury Department, will re-open the Paycheck Protection Program loan portal to PPP-eligible lenders with $1 billion or less in assets for First and Second Draw applications tomorrow (Jan. 15, 2021) at 9am EST/8am CST. The portal will fully open Tuesday (Jan. 19, 2021) to all participating PPP lenders to submit First and Second Draw loan applications to SBA. Earlier in the week, SBA granted dedicated PPP access to Community Financial Institutions (CFIs) which include Communit...
Daines: 2nd Round of PPP Funds Now Available Many Montana businesses are still struggling from the financial impacts of the COVID-19 shutdowns from last Spring, and many are still suffering under restrictions that remain in place. Now that another COVID-19 relief package was signed into law by President Trump, another round of Paycheck Protection Program funds are now available. DAINES: This PPP funding is critical for Montana small businesses who have been hit hard due to the pandemic. This funding will help keep Montana small businesses open and their workers employed. I’m glad I was abl...
We have a new PPP Loan authorization bill out of Washington, after months of political wrangling. Congress could have done more, but they did provide for up to $2,000,000 in additional forgivable loans per borrower, along with provisions which specifically cater to the hospitality industry.