|On January 8, 2020, the U.S. Department of Treasury and U.S. Small Business Administration (SBA) reported that the Paycheck Protection Program (PPP) restarts this coming week. As soon as Monday, January 11, commencement for first-time borrowers and various existing borrowers will ensue.
Solely community financial institutions are eligible to withdraw PPP loans on Monday, January 11. The second withdrawal of PPP loans will be disbursed on Wednesday, January 13 – this order of distribution is expected to bolster capital accessibility. Consequently, all remaining PPP lenders will be permitted to participate.
If you or someone you know is in need of legal services related to those mentioned in this article, contact CGA Law Firm at 717-848-4900 or email us at [email protected] and we will direct you to the appropriate attorney.
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