Create an Account - Increase your productivity, customize your experience, and engage in information you care about.
The Treasury Department just announced that just that the Small Business Administration will begin accepting PPP loan applications next week, though it will happen in several stages.
In preparation for the reactivation of the program next week, SBA has updated its guidance on PPP including:
Business Loan Program Temporary Changes; Paycheck Protection Program as Amendedby Economic Aid ActBusiness Loan Program Temporary Changes; Paycheck Protection Program Second DrawLoansGuidance on Accessing Capital for Minority, Underserved, Veteran and Women-Owned Business Concerns
Links to those documents and summaries follow:
A borrower is generally eligible for a Second Draw PPP Loan if the borrower: