The PPP Is Back Online Today—Here’s What You Need To Know

 

the ppp became re-upped by the $900 billion stimulus package deal president trump signed just after christmas. 

https://www.pcmag.com/news/minecraft-earth-to-shut-down-due-to-pandemic-stay-at-home-orders

the small commercial enterprise administration will restrict lending on monday and tuesday, the primary  days of the program, to network-primarily based creditors like cdfis making loans to first-time borrowers. 

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that limit follows complaint that businesses with robust banking relationships and extra sources were greater without difficulty capable of get entry to cash from the first spherical of the program than were their smaller, less-resourced friends. 

https://www.pinterest.com/usfda/one-week-for-better-health/

on wednesday, this system will open up to second-time borrowers that could reveal losses of as a minimum 25% among 2019 and 2020 and which have three hundred personnel or fewer. 

the sba said that larger creditors will be capable of begin making loans beneath the up to date application “quickly” after wednesday, january 13, however did no longer specify an actual date. 

this new spherical of the ppp will be open thru march 31, 2021.

https://www.nytimes.com/2020/10/30/opinion/tech-companies-data.html