A New Round of Paycheck Protection Program

The SBA announced that it will start a new round of the Paycheck Protection Program (PPP), it will re-open the week of January 11 for new borrowers and certain existing PPP borrowers. This round of the PPP continues to prioritize millions of Americans employed by small businesses by authorizing up to $284 billion toward job retention and certain other expenses through March 31, 2021, and by allowing certain existing PPP borrowers to apply for a Second Draw PPP Loan. See updates on the following link.

https://www.sba.gov/article/2021/jan/08/sba-treasury-announce-ppp-re-opening-issue-new-guidance?utm_medium=email&utm_source=govdelivery