1/11/21 – PPP Window Reopens Today for Certain Borrowers
Late Friday night, the SBA announced that the application window for PPP loans would reopen today (1/11/21) for community financial institutions that serve minority- and women-owned businesses. Community financial institutions are private financial institutions that are 100% dedicated to providing funding to low-income, low-wealth, or other disadvantaged groups and communities. Eligible PPP borrowers served by these banks can begin submitting applications for 1st draw PPP loans today and 2nd draw PPP loans on Wednesday. In response, we have updated our links above for the new forms. The SBA has not provided a set date for other borrowers to submit their applications, but we will keep you posted. As always, let us know if you have any questions!