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Small businesses were able to begin applying today for the new round of Paycheck Protection Program, or PPP, loans worth $284 billion. This round, the SBA says it is directing the loans to help more minority-owned businesses. https://www.fox26houston.com/news/sba-focuses-new-ppp-loans-to-help-more-minority-owned-businesses
Join us next Wednesday, 1/20 at 3 pm EST for our upcoming Aminar: SBA Lending as part of the COVID19 Relief Act - Unpacking SBA Programs From the New Stimulus Bill. https://v8dnbc93.pages.infusionsoft.net
"The SBA portal is open to take applications, but that doesn't mean that different lenders are ready," said Kassar. "In reality, it will take probably two weeks before money really starts to flow and hit the street." https://youtu.be/CbkHsh1nwEw