Paycheck Protection Program Has Re-Opened

by Contributor | January 13, 2021 6:08 pm

OSWEGO COUNTY – The U.S. Small Business Administration, in cooperation with the Treasury Department, announced recently that the Paycheck Protection Program[1] (PPP) will re-open the week of January 11 for new borrowers and some existing PPP borrowers.
Initially, only community financial institutions will be able to make First Draw PPP Loans starting Monday, January 11, and Second Draw PPP Loans starting Wednesday, January 13. The PPP will open to all participating lenders shortly thereafter.
Please reference the overviews of the First Draw[2] and Second Draw[3] PPP loans to find details on eligibility, forgiveness, and more.

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Endnotes:
  1. Paycheck Protection Program: https://t.e2ma.net/click/lj7f5c/thf3tf/t1m2pr
  2. First Draw: https://t.e2ma.net/click/lj7f5c/thf3tf/9tn2pr
  3. Second Draw: https://t.e2ma.net/click/lj7f5c/thf3tf/pmo2pr

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