PPP Re-opens, SBA Rural Director encourages small businesses to apply

DENVER – The U.S. Small Business Administration (SBA), in consultation with the Treasury Department, today re-opened the Paycheck Protection Program (PPP) for new borrowers and certain existing PPP borrowers. To promote access to capital in underserved communities, only community financial institutions (Community Development Financial Institutions, Minority Depository Institutions, Certified Development Companies, and Microloan Intermediaries) will initially be able to make First Draw PPP Loans on Monday, January 11, and Second Draw PPP Loans on Wednesday, January 13. The PPP will open to all...