SBA

@SBAgov ↗

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Last Checked Feb. 6, 2021

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Mon Jan 11 21:23:27 +0000 2021

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SBA @SBAgov

On Jan. 13, participating CFIs may begin submitting application information to SBA for Second Draw PPP loans. — PolitiTweet.org

Posted Jan. 11, 2021

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SBA @SBAgov

These lenders made up approximately 10% of all PPP participating lenders in 2020. A First Draw PPP loan is for those borrowers who have yet to receive a PPP loan before the program closed in August 2020. Learn more about First Draw PPP loans: https://t.co/EcNgIRSf3R — PolitiTweet.org

Posted Jan. 11, 2021

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SBA @SBAgov

A Second Draw PPP loan is for certain eligible borrowers that previously received a PPP loan, generally have 300 employees or less, and has suffered a 25% reduction in gross receipts. At least $15B is set aside for additional PPP lending by CFIs. More: https://t.co/cMZVsJT62I — PolitiTweet.org

Posted Jan. 11, 2021