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Photographer: Andrew Harrer/Bloomberg The Paycheck Protection Program, which restar...

PPP Loans Open to Small Banks Friday, All Lenders Tuesday – Bloomberg

2 weeks ago Banking and Finance

Photographer: Andrew Harrer/Bloomberg The Paycheck Protection Program, which restarted this week with $284 billion in pandemic-relief loans for U.S. small businesses, will open to small banks on Friday and all lenders next Tuesday. Banks with $1 billion or less in assets will be able to send in applications for business owners seeking a PPP loans for the first time and those applying for a second one on Friday at 9 a.m., the U.S. Small Business Administration said. All PPP lenders …

 

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