The U.S. Small Business Administration, in consultation with the Treasury Department, announced today that the Paycheck Protection Program will re-open the week of January 11 for new borrowers and certain existing PPP borrowers. To promote access to capital, initially only community financial institutions will be able to make First Draw PPP Loans on Monday, January 11, and Second Draw PPP Loans on Wednesday, January 13. The PPP will open to all participating lenders shortly thereafter. Updated PPP guidance outlining Program changes to enhance its effectiveness and accessibility was released on January 6 in accordance with the Economic Aid to Hard-Hit Small Businesses, Non-Profits, and Venues Act.
Mike Muscatello: Partner, Aronson, LLC
Patrick Shurney: Loan Consultant | Business Consultant | Banking Expert
This event will be provided via Zoom.
Registration will close at 5pm on Wednesday, January 13th. Please enter emails when registering yourself and others. Link information will be emailed out at 5:05pm on Wednesday, January 13th.