SBA opening PPP loans to all lenders Tuesday (Jan. 19)

Ppp Loan Picture Id1218894547By Madi Hawkins / ASA

WASHINGTON, D.C. – This week, the second round of the Paycheck Protection Program (PPP) opened access to Community Financial Institutions (CFIs).

In a statement released today, the Small Business Administration (SBA) announced the opening of second round PPP loans to all eligible lenders.

The second round of the PPP will open first to small lenders with less than $1 billion or less in assets on Friday, January 15, then to all lenders on Tuesday, January 19.

To read more about the re-opening of the Paycheck Protection Program (PPP), click here.

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Madi HeadshotMadi Hawkins serves as a Legislative Analyst in the Automotive Service Association’s Washington, D.C. office.  She is a graduate of Vanderbilt University with a major in Public Policy Studies.  Madi is originally from Austin, Texas, where she was born and raised, but now resides in Washington, D.C.