Paycheck Protection Program Re-Opens
Information submitted by The Meadowlands Chamber
On January 11th, the Paycheck Protection Program (PPP) reopened for new borrowers and certain existing PPP borrowers. The U.S. Small Business Administration (SBA) who consulted with the Treasury Department has opened these PPP loans to community financial institutions to make First Draw PPP loans on Monday, January 11th and Second Draw PPP Loans on Wednesday, January 13th. After those dates, the PPP will open to all participating lenders. For more details regarding these PPP loans, the guidelines, and the process of applying, please click here.