Paycheck Protection Program Resumes

By Sienna Shoup posted 2 days ago

  
As a result of congressional action last month, the U.S. Small Business Administration (SBA), in consultation with the U.S. Department of the Treasury, re-opened the Paycheck Protection Program (PPP) loan portal. You can apply for a PPP loan through any existing SBA 7(a) lender or through any federally insured depository institution, federally insured credit union, and Farm Credit System institution that is participating. Other regulated lenders will be available to make these loans once they are approved and enrolled in the program. You should consult with your local lender as to whether it is participating in the program. Find more information here.
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