PPP to open for First Draw loans on monday

Earlier this morning, the Small Business Administration and U.S. Treasury announced the Paycheck Protection Program will re-open next week for new and existing borrowers.

Initially, only community financial institutions will be able to make First Draw PPP Loans on Monday, Jan. 11, and Second Draw PPP Loans on Wednesday, Jan. 13.

The PPP will open to all participating lenders shortly afterward.

You can read the entire release from the SBA by clicking here.