Small Business Relief - PPP Guidance and more..

Please see below on multiple updates related to small business COVID-19 relief.

US Small Business Administration (SBA)
On January 11, the SBA reopened the Paycheck Protection Program (PPP) loan portal to community financial institutions (CFIs). Initially it accepted First Draw PPP loan applications for those borrowers who have yet to receive a PPP loan. On January 13, participating CFIs may begin submitting application information to the SBA for Second Draw PPP loans. For updated PPP Lender forms, guidance, and resources, visit www.sba.gov/ppp

Federal Update

The Federal government has created a new Small Business Owner’s Guide to COVID-19 Relief Legislation (click here). It includes updates on Paycheck Protection Program, Shuttered Venue Operator Grant Program, SBA EIDL Advance Grant, Small Business Debt Relief Program, and information on free counseling programs.