Update: President Biden signed the PPP Extension Act of 2021 on March 30, 2021. Eligible applicants for both the First and Second Draw PPP Loans now have until May 31, 2021 to submit their application....more
The U.S. Department of Treasury and the Small Business Association (SBA) announced that it will reopen the Paycheck Protection Program (PPP) loan portal to all participating PPP lenders to submit First and Second Draw loan...more
On Jan. 6, 2021, the Small Business Administration (SBA) issued guidance regarding the stimulus package’s Economic Aid to Hard-Hit Small Businesses, Nonprofits and Venues Act (previously reported here), which continued the...more
The U.S. Small Business Administration (SBA) issued guidance on May 13, 2020 which authorizes lenders to increase the amount of Paycheck Protection Program (PPP) loans previously disbursed to partnerships that did not have...more