PPP Is Starting Again!
Yesterday, January 11 the Small Business Administration (SBA) and Treasury announced the Paycheck Protection Plan (PPP) is re-opened!
January 11 - 1st Draw
January 13 - 2nd Draw
The SBA and Treasury released updated guidance regarding updated PPP changes to enhance its effectiveness in accordance with the Economic Aid to Hard-Hit Small Businesses, Non-Profits, and Venues Act.
$284 billion dollars to employ millions of Americans through small businesses toward job retention and other defined expenses of March 31, 2021. Also, specific borrowers are eligible to reapply for the Second Draw PPP Loan.
For key PPP Loan updates, see if you are eligible for a Second Draw PPP Loan, and new guidance released please visit The U.S. Department of the Treasury.
We will continue to provide our clients with the latest updates!