PPP to Re-Open to Small Lenders on January 15 and All Lenders on January 19
The U.S. Small Business Administration (SBA) and the Treasury Department have announced that the Paycheck Protection Program (PPP) will re-open to PPP-eligible lenders with $1 billion or less in assets for First and Second Draw applications on January 15, 2021 at 9 am ET. The SBA further announced that the PPP will fully re-open to all PPP participating lenders to submit First and Second Draw Loan applications on Tuesday, January 19.
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