With the new $284 billion Congressional appropriation for small business relief, the federal Paycheck Protection Program (PPP) re-opened the week of January 11 for new borrowers and certain existing PPP borrowers.
To promote widespread community access to capital, initially only community financial institutions will be able to make First Draw PPP Loans on Monday, January 11, and Second Draw PPP Loans on Wednesday, January 13. The PPP program will open to all participating lenders shortly thereafter.
Learn more about these first-draws and ask your questions about applying for this latest round of the PPP.
Moderation by Doug Price, CEO of Citizens State Bank