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You are here: Home / Archives for PPP Loan

Paycheck Protection Program Re-Opening

January 12, 2021 By New York Truckstop Leave a Comment

Paycheck Protection Program

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, […]

Filed Under: COVID-19, Funding Tagged With: Loan Forgiveness, PPP, PPP Loan

PPP Forgiveness for Loans of $50,000 or Less

October 15, 2020 By New York Truckstop Leave a Comment

PPP

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 […]

Filed Under: Uncategorized Tagged With: Loan Forgiveness, PPP Loan, Small Business

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