Have Questions on the Payroll Protection Program?
Have Questions on the Payroll Protection Program?
You’re not alone if you have questions, we have put together a forum with a few industry professionals to help you through this process.
Please join us for a Discussion on the PPP, review a brief overview of this round of applications and participate in an open forum Q&A session.
Friday January 22nd from 9:00-9:45am
On call will be;
- Drew Schildwachter, Partner and COO of ConnectPay
- Mark Rizzo, Senior Vice President, Business Banking of Citizens
- Danielle Burke, Burke Accounting Associates
- Daniel Watling, Vice President, Business Banking of Citizens
__________________
Paycheck Protection Program (PPP) 2.0 Update
The Paycheck Protection Program (PPP) loan application process re-opens for community financial institutions beginning on Monday, January 11 for first-draw PPP loans and Wednesday, January 13 for second-draw loans. The PPP will open to all participating lenders shortly thereafter.
The U.S. Small Business Administration, in consultation with the U.S. Treasury Department, is opening the Paycheck Protection Program loan portal on Monday, Jan. 11, 2021 at 9 am ET. When the PPP loan portal system opens on Monday morning, it will initially accept First Draw PPP loan applications from participating CFIs, which include Community Development Financial Institutions (CDFIs), Minority Depository Institutions (MDIs), Certified Development Companies (CDCs) and Microloan Intermediaries.
The opening of the SBA loan system is designed to efficiently and effectively implement the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act and to ensure increased access to the PPP for minority-, underserved-, veteran- and women-owned small business concerns. SBA also is calling upon its lending partners to redouble their efforts to assist eligible borrowers in underserved and disadvantaged communities.
SBA will continue to provide updates on operations during the week of January 11, 2021. Additionally, SBA plans to dedicate specific times to process and assist the smallest PPP lenders with loan applications from eligible small businesses.
As a reminder, CFI Lenders may use the SBA PPP Lender Hotline: +1 (833) 572-0502 and find more PPP Platform Resources here: https://forgiveness.sba.gov/
For more PPP Information and Resources, please visit www.sba.gov/PPP or www.treasury.gov/CARES
Date and Time
Friday Jan 22, 2021
9:00 AM - 9:45 AM EST
Location
Zoom
Fees/Admission
Free - you will receive a Link to the session when you register
