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, […]
New Flexibility Added to Paycheck Protection Program Loans
The better than expected May jobs report numbers to indicate that for many businesses, the Paycheck Protection Program (PPP) worked as intended. Unfortunately, PPP still left much to be desired, to the point that New York State and City felt the need to create their own programs. With $135 billion in PPP funding waiting to […]