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The Paycheck Protection Program is back. Business can apply for loans to keep their workforce employed.
Congress approved more than $280 billion in relief funds for this purpose. Remember that not all lenders will be able to process and issue funds.
Smaller community based lenders who work with low income communities and minority owned businesses will have priority.
If you are a business owner who received a PPP loan before, you can start applying for a second loan of up to $2 million on Wednesday.
The program will become ope to lenders tomorrow, January 14, 2021.
For more information or to start your application, visit the site here.
