SBA and Treasury Announce PPP Re-Opening; Issue New Guidance
The Paycheck Protection Program (PPP) will re-open 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, and Second Draw PPP Loans on Wednesday, January 13. The PPP will open to all participating lenders shortly thereafter. Click for updated PPP guidance outlining program changes.