The SBA released further guidance on the Paycheck Protection Portal and a new Procedural Notice:

  • Click here for SBA Procedural Notice 5000-20076 on First Draw Paycheck Protection Program Loan Increases After Enactment of the Economic Aid Act
  • Click here to read the SBA Press Release announcing the timeline for re-opening the Paycheck Protection Portal to PPP-eligible lenders
  • Friday, January 15, 2021 for PPP Lenders with $1 billion or less in assets for First and Second Draw applications
  • Tuesday, January 19, 2021 for all participating PPP lenders to submit First and Second Draw loan applications

It’s anticipated there will continue to be further guidance, processes, and procedures issued which we will continue to provide updates once available. Visit www.JellumLaw.com for a full archive of announcements and more.