SBA and Treasury Announce PPP Re-Opening; Issue New Guidance
SBA and Treasury Announce PPP Re-Opening; Issue New Guidance The U.S. Small Business Administration, in consultation with the Treasury Department, announced today 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...Read MoreHow To Determine Eligibility for Economic Aid
The Economic Aid to Hard-Hit Small Businesses, Nonprofits and Venues Act is part of a the Consolidated Appropriations Act of 2021. This Act provides designed funding to support small business impacted by COVID-19. While some components of the program are similar to the CARES Act passed in March 2020, there are some key differences. In addition, the U.S. Small Business Administration (SBA) has...Read Moreby Diane LoupeJanuary 4, 2021 Company News, COVID-19, Economic News, SBA Loans, Uncategorized0 comments