Today, the U.S. Small Business Administration, in consultation with the Department of Treasury, announced that the Paycheck Protection Program (PPP) will re-open on Monday, January 11, 2021 for new borrowers and some existing PPP borrowers. The initial wave of loans issued on Monday, January 11, and Wednesday, January 13, will only be available to community financial institutions, but the PPP will open up to all eligible lenders shortly after.
SBA has provided information for small business owners looking for a PPP loan, which can be found here. Additional information from SBA and the Department of the Treasury follows:
Posted in COVID-19
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