01/14/2021
SBA to Re-Open Paycheck Protection Program to Small Lenders on
Friday, January 15 - All Lenders on Tuesday, January 19
The U.S. Small Business Administration, in consultation with the U.S. Treasury Department, will re-open the Paycheck Protection Program (PPP) loan portal to PPP-eligible lenders with $1 billion or less in assets for First and Second Draw applications on Friday, January 15, 2021 at 9:00 a.m. EST.
The portal will fully open on Tuesday, January 19, 2021 to all participating PPP lenders to submit First and Second Draw loan applications to SBA.
An SBA loan that helps businesses keep their workforce employed during the Coronavirus (COVID-19) crisis.