The U.S. Small Business Administration (SBA), in consultation with the U.S. Treasury Department, will re-open the Paycheck Protection Program (PPP) loan portal to PPP-eligible lenders with $1 billion or less in assets for first and second draw applications on Friday, Jan. 15, 2021 at 9 a.m. EST. The portal will later fully open to all participating PPP lenders on Tuesday, Jan. 19, 2021 to submit first and second draw loan applications to the SBA.   Earlier this week, the SBA granted dedicated PPP access to community financial institutions (CFIs) which included community development financial institutions (CDFIs), minority depository institutions (MDIs),

Read More