The SBA over the weekend issued additional resources on the Paycheck Protection Program, which will fully open to all participating lenders today:
Today's reopening applies to both first- and second-draw applications. The SBA previously released instructions for accessing the updated PPP lender portal, new application forms, and additional procedural notices.
These resources and additional information are available here:
The SBA will reopen the Paycheck Protection Program loan portal to PPP-eligible lenders with $1 billion or less in assets at 9 a.m. (Eastern time) today. The reopening applies to both first- and second-draw applications.
In today's coronavirus update from FS-ISAC, the Centers for Disease Control and Prevention says more than 11 million received their first coronavirus shots – representing an increase of about 1 million administered in the U.S. since Wednesday.