- 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 am ET. 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. Learn more
- SBA, in consultation with the Treasury Department, has recently released guidance:
Procedural Notice – First Draw Paycheck Protection Program Loan Increases After Enactment of the Economic Aid Act (Released 1/13/21)
- What’s the Difference Between a First Draw PPP Loan and a Second Draw PPP Loan? In general, a First Draw PPP loan is for eligible borrowers who did not receive a PPP loan before the program closed in August 2020. A Second Draw PPP loan is for certain eligible borrowers that previously received a PPP loan, generally have 300 employees or less, and have suffered a 25% reduction in gross receipts. More on PPP options
- A Preliminary Overview of the Shuttered Venue Operators Grant Program: Details. Send your questions to firstname.lastname@example.org.
- Information on other COVID-19 assistance for small businesses -- including Express Bridge Loan, SBA Debt Relief, Targeted EIDL Advance -- is on the SBA website with additional updates coming soon.
- The SBA is committed to ensuring relief programs are launched as quickly as possible to deliver critical economic aid to America’s small businesses. Read about relief options