PPP Loan Applications Resume April 27

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PPP Loan Applications Resume April 27

Paycheck Protection ProgramThe Small Business Administration will resume accepting Payroll Protection Program loan applications on April 27 at 11:30 a.m. CDT from approved lenders on behalf of any eligible borrower.

The announcement comes today from administrator of the Small Business Administration Jovita Carranza and U.S. Treasury Secretary Steven T. Mnuchin.

According to the application announcement, “the PPP has supported more than 1.66 million small businesses and protected over 30 million jobs for hardworking Americans. With the additional funds appropriated by Congress, tens of millions of additional workers will benefit from this critical relief.”

Carranza and Mnuchin encourage all approved lenders to process loan applications previously submitted by eligible borrowers and disburse funds expeditiously.

“All eligible borrowers who need these funds should work with an approved lender to apply. Borrowers should carefully review PPP regulations and guidance and the certifications required to obtain a loan.”

For more information on the Paycheck Protection Program, visit sba.gov/paycheckprotection.

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