The Treasury Department along with the Small Business Administration (SBA), announced that the Paycheck Protection Program (PPP) 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, […]
PPP Forgiveness for Loans of $50,000 or Less
The US Small Business Administration (SBA), working with the Treasury Department, released a simpler loan forgiveness application for Paycheck Protection Program (PPP) loans of $50,000 or less. This streamlines the PPP forgiveness process to provide financial and administrative relief to small businesses. Also, SBA and Treasury have eased the burden on PPP lenders, allowing lenders […]