Mesquite Chamber of Commerce

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  • Home
  • Mesquite
    • Welcome to Mesquite
    • City of Mesquite, NV
    • Demographics
    • Economic Development >
      • Las Vegas Global Economic Alliance
      • Mesquite Works
      • Mesquite Region Economic Development
    • Healthcare >
      • Desert Pain Specialists
      • Gamma West Cancer Services
      • Intermountain Audiology Hearing Clinics
      • Mesa View Regional Hospital
      • Mesquite Women's Clinic
    • Live Weather
    • Newspapers and Publications >
      • Desert Valley Times
      • Mesquite Local News
      • Moapa Valley Progress
      • View On Magazine
    • Schools >
      • Charles Hughes Middle School
      • College of Southern Nevada
      • Dixie State University
      • JL Bowler Elementary School
      • Stevens-Henager College
      • Virgin Valley Elementary School
      • Virgin Valley High School
    • Transportation >
      • Silver Rider Transit
      • St. George Regional Airport
      • St. George Shuttle
      • St. George Express
      • Maccarran International Airport
      • Mesquite Municipal Airport
    • Videos
    • Visit Mesquite
  • COVID-19
  • Job Listings
  • Guide Archive
  • Visit
    • Arts >
      • Kayenta Arts Foundation
      • Mesquite Arts Council
      • Mesquite Community Theatre
      • Mesquite Fine Arts Center
      • Mesquite Showgirls
      • Mesquite-Toes Tap Team
      • Ms. Senior Mesquite Pageant
      • Southern Nevada Symphony Orchestra
      • Tuacahn Center for the Arts
      • Virgin Valley Theatre Group
      • Virgin Valley Artists Association
    • Attractions >
      • Camel Safari
      • Mesquite Community Theatre
      • National Parks
      • Nevada Travel Guides
      • State Parks
      • Virgin River Bowling Center
      • Virgin Valley Heritage Museum
    • Casinos >
      • Dotty's
      • Eureka Casino Resort
      • Golden West
      • Mesquite Gaming
      • Stateline Casino
    • Golf >
      • Canyons Course
      • Casablanca Golf Club
      • Conestoga Golf Club
      • Coyote Willows Golf Course
      • Falcon Ridge
      • Palms Golf Club
      • The Oasis Golf Club
      • The Palmer Course
    • Maps >
      • Business Location
      • Mesquite Map Center
      • Parks & Trails Map
    • Nightlife >
      • Casablanca Resort
      • Eureka Casino Resort
      • Stateline Casino
      • Virgin River Casino
    • Outdoor & Off Road >
      • Adventure Time Tours
      • Bike Mesquite
      • Friends of Gold Butte Events
      • Logandale Trails
      • Mesquite's Bicycle Friendly Report Card and Map
      • Mesquite Parks and Trails Map
      • Nevada Backroad Discovery Route
      • Nevada Off-Highway Vehicle Commission
      • Valley of Fire State Park
    • Tourism >
      • Las Vegas Convention and Visitors Authority
      • Las Vegas Territory Tourism Video 2017
      • Moapa Valley Chamber of Commerce
      • Tourism Means More in Nevada
      • Travel Nevada
    • Visit Mesquite
  • Shop Local
    • Search Businesses
    • Dining
    • Overnight
    • Places
    • Nightlife
    • Nature
    • Shopping
    • Other
  • News & Events
    • Calendar of Events
    • Event Gallery
    • Event List
    • Special Deals From Our Members
    • Newsletters
    • Press Releases
  • Contact
    • Get in Touch
    • Request Area Information
    • Subscribe to Newsletter
  • •
  • Chamber
    • About Us
    • Annual Luncheons >
      • Mingle & Jingle Luncheon >
        • 2019
    • Signature Events >
      • 2019 Best of Mesquite Chamber Awards
      • Christmas In July
      • Golf Invitational >
        • Golf 2019
    • 2021 Board of Directors >
      • 2020 Board of Directors
      • 2019 Board of Directors
      • 2018 Board of Directors
      • 2017 Board of Directors
      • 2016 Board of Directors
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    • Join Chamber
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Press Releases

SBA Re-Opening Paycheck Protection Program to Small Lenders on Friday, January 15 and All Lenders on Tuesday, January 19

1/13/2021

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Lenders with $1 Billion or Less in Assets Will be Able to Submit First and Second Draw PPP Applications on Friday – Continuing Dedicated Access for Community-Based Lenders 

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​WASHINGTON – The U.S. Small Business Administration, in consultation with the U.S. Treasury Department, will re-open the Paycheck Protection Program (PPP) loan portal to PPP-eligible lenders with $1 billion or less in assets for First and Second Draw applications on Friday, January 15, 2021 at 9 a.m. EST. The portal will fully open on Tuesday, January 19, 2021 to all participating PPP lenders to submit First and Second Draw loan applications to SBA.
 
Earlier in the week, SBA granted dedicated PPP access to Community Financial Institutions (CFIs) which include Community Development Financial Institutions (CDFIs), Minority Depository Institutions (MDIs), Certified Development Companies (CDCs), and Microloan Intermediaries as part of the agency’s ongoing efforts to reach underserved and minority small businesses.
 
On Friday, SBA will continue its emphasis on reaching smaller lenders and businesses by opening to approximately 5,000 more lenders, including community banks, credit unions, and farm credit institutions.  Moreover, the agency also plans to have dedicated service hours for these smaller lenders after the portal fully re-opens next week.
 
“A second round of PPP could not have come at a better time, and the SBA is making every effort to ensure small businesses have the emergency financial support they need to continuing weathering this time of uncertainty,” said SBA Administrator Jovita Carranza. “SBA has worked expeditiously to ensure our policies and systems are re-launched so that this vital small business aid helps communities hardest hit by the pandemic. I strongly encourage America’s entrepreneurs needing financial assistance to apply for a First or Second Draw PPP loan.”
 
“We are pleased to have opened PPP loans to CDFIs, MDIs, CDCs, and Microloan Intermediaries.  The PPP is already providing America’s small businesses hardest hit by the pandemic with vital economic relief,” said Secretary of the Treasury Steven T. Mnuchin. “As the Program re-opens for all First and Second Draw borrowers next week, the PPP will allow small businesses to keep workers on payroll and connected to their health insurance.”
 
First Draw PPP Loans are for those borrowers who have not received a PPP loan before August 8, 2020. The first round of the PPP, which ran from March to August 2020, was a historic success helping 5.2 million small businesses keep 51 million American workers employed.  
 
Second Draw PPP Loans are for eligible small businesses with 300 employees or less, that previously received a First Draw PPP Loan and will use or have used the full amount only for authorized uses, and that can demonstrate at least a 25% reduction in gross receipts between comparable quarters in 2019 and 2020. The maximum amount of a Second Draw PPP loan is $2 million. 
​
Updated PPP Lender forms, guidance, and resources are available at www.sba.gov/ppp and www.treasury.gov/cares.


​About the U.S. Small Business Administration
The U.S. Small Business Administration makes the American dream of business ownership a reality. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow or expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov.­
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