Vermont Business Magazine The US Small Business Administration, in consultation with the Treasury Department, announced today that the Paycheck Protection Program will re-open the week of January 11 for new borrowers and certain existing PPP borrowers.
To promote access to capital, initially only community financial institutions will 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 participating lenders shortly thereafter. Updated PPP guidance outlining Program changes to enhance its effectiveness and accessibility was released on January 6 in accordance with the Economic Aid to Hard-Hit Small Businesses, Non-Profits, and Venues Act.
This round of the PPP continues to prioritize millions of Americans employed by small businesses by authorizing up to $284 billion toward job retention and certain other expenses through March 31, 2021, and by allowing certain existing PPP borrowers to apply for a Second Draw PPP Loan.
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HUBZone Webinar Jan 21
The Small Business Administration is hosting a webinar about Historically Underutilized Business Zones at 10 a.m. Jan. 21.
If your business is located within a HUBZone, and you're interested in, or are currently contracting or subcontracting on federal work you should consider obtaining a HUBZone certification.
Join Senior Procurement Counselor Bryan Wallace as he discusses basic requirements, the application process and recent updates that make certification easier. Register
Sign up today. Webinar Registration - Zoom
PPP Forgiveness Webinars Tuesdays & Wednesdays
The SBA Vermont District Office hosts free webinars Tuesdays and Wednesdays about Paycheck Protection Program forgiveness. Topics include criteria, the process, changes and more.
PPP Forgiveness Webinars Tuesdays
11:30 a.m. to 1 p.m.
Click here to access the webinar link.
To access by phone, call 202-765-1264 and enter code 986 011 495#.
PPP Forgiveness Webinars Wednesdays
9 a.m. to 10:30 a.m.
Click here to access the webinar link.
To access by phone, call 202-765-1264 and enter code 984 055 02#.
For more information, email [email protected].
SBA Vermont District Office87 State Street
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Source: WASHINGTON -- The US Small Business Administration 1.8.2021