Jan 14 SBA WILL RE-OPEN PPP TO SMALL LENDERS ON JANUARY 15 AND ALL LENDERS ON JANUARY 19

On January 13, 2021, the Small Business Administration (SBA) and U.S. Department of Treasury announced that the Paycheck Protection Program will re-open its portal for eligible lenders to apply for either the first or second draw of the loan.

The portal will open within the following two stages:

• Friday, January 15, 2021: Lenders with $1 billion or less is assets.
• Tuesday, January 19, 2021: All other participating PPP lenders.

For more information on the newly released guidance on the first and second round of the Paycheck Protection Program, we invite you to watch Sax’s January 14 Recovery Update webinar here.

Sax will continue to update you as further details are made available.  Reach out to your Sax advisor or email [email protected] with questions.  For more and on-going information relative to your state and business, visit Sax’s COVID-19 Resource Center.