January 13, 2021
New Guidance Provided on PPP Loans
The Small Business Administration (SBA) and Department of Treasury have released guidance for businesses reflecting the new round of Paycheck Protection Program (PPP) loan funding recently approved by Congress. SBA has reopened the Paycheck Protection Program (PPP) for first draw loans, and certain eligible borrowers that previously received a PPP loan are able to apply for a second draw PPP loan with the same general loan terms as their first draw loan.
