Late Friday, the SBA released forms for the application of the Second Round of Paycheck Protection Program (PPP2).
\ Select Community Financial Institutions will begin accepting some applications as soon as Monday, the 11th of January.
When other applications will be accepted will depend on the institution.
Please reach out for assistance with this process.
The U.S. Senate has passed an extension of the Paycheck Protection Program (PPP) on Tuesday night just a few hours before the close of the program.
Today, the Biden Administration has announced several changes to the existing PPP Loan Program.
On Thursday, 564 trade associations led by the Association of General Contractors (AGC) asked Congress to pass legislation reversing a ruling made by the IRS, disallowing the deduction of expenses related to the forgiveness of Paycheck Protection Program Loans (PPP).
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