On Tuesday, January 19, 2021 the Paycheck Protection Program portal opened to all participating PPP lenders to submit First and Second Draw loan applications to SBA.
Signed into law in late 2020 the new Economic Aid act extended the EIDL (Economic Injury Disaster Loan) deadline to December 31, 2021 and set aside additional budget for PPP loans to help alleviate the financial burden on small businesses as the result of the coronavirus pandemic.
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