SBA RE-OPENS PPP TO COMMUNITY FINANCIAL INSTITUTIONS FIRST

11 January 2021

COMMUNITY FINANCIAL INSTITUTIONS GET DEDICATED ACCESS STARTING TODAY

WASHINGTON – The U.S. Small Business Administration, in consultation with the U.S. Treasury Department, re-opened the Paycheck Protection Program (PPP) loan portal today at 9 am ET. SBA is continuing its dedicated commitment to underserved small businesses and to addressing potential access to capital barriers by initially granting PPP access exclusively to community financial institutions (CFIs) that typically serve these concerns.
 
When the PPP loan portal re-opened today, it initially accepted 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. These lenders made up approximately 10% of all PPP participating lenders in 2020. A First Draw PPP loan is for those borrowers who have yet to receive a PPP loan before the program closed in August 2020.
 
On Jan. 13, 2021, participating CFIs may begin submitting application information to SBA for Second Draw PPP loans. A Second Draw PPP loan is for certain eligible borrowers that previously received a PPP loan, generally have 300 employees or less, and has suffered a 25% reduction in gross receipts. At least $15 billion is set aside for additional PPP lending by CFIs.
 
A few days later, additional lenders will be able to submit First and Second draw PPP loan applications. SBA will continue to provide updates on systems operations during the week of Jan. 11, 2021. Additionally, SBA plans to dedicate specific times to process and assist the smallest PPP lenders with loan applications from eligible small businesses.
 
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.
 
Updated PPP Lender forms, guidance, and resources are available at www.sba.gov/ppp.

Spring & Summer Hours for the Mesquite Recreation Center and Pools

9 March 2021
MESQUITE, NV (Leisure Services Dept.) – Spring and summer operating hours for the City of Mesquite Recreation Center Indoor and Outdoor Pools Beginning March 1, 2021 The Mesquite Recreation Center Hours will be: Monday – Friday                5:00 a.m. – 7:00 p.m.Saturday                              7:00 a.m. – [...]

NDOT Launches School Zone Traffic Safety Campaign

25 February 2021
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Southern Nevada Transit Coalition – Silver RiderAnnounces fixed route #333 realignment and the new route #444 coming soon!

16 February 2021
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NDOT Seeks State Rail Plan Feedback, Hosts February 16 Virtual Summit

3 February 2021
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17th ANNUAL HEART WALK POSTPONED

26 January 2021
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Mesquite Recreation Center Holiday Hours – 2021

26 January 2021
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20 January 2021
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La Oficina del Tesorero del Estado y la Oficina de Desarrollo Económico del Gobernador proporcionan información actualizada sobre los $50 millones adicionales en asistencia para pequeñas empresas

20 January 2021
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SBA Re-Opening Paycheck Protection Program to Small Lenders on Friday, January 15 and All Lenders on Tuesday, January 19

13 January 2021
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  ​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 [...]

SBA RE-OPENING PAYCHECK PROTECTION PROGRAM TO SMALL LENDERS ON FRIDAY, JANUARY 15 AND ALL LENDERS ON TUESDAY, JANUARY 19

13 January 2021
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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