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SBA To Resume Accepting Paycheck Protection Program Applications Today

Paycheck Protection Program | COVID-19 Relief Loans
The ADA News (4/26) reports that the Small Business Administration will resume accepting Paycheck Protection Program loan applications today beginning at 10:30 a.m. EST.

The article said that in a statement “posted late April 24,” Small Business Administration (SBA) Administrator Jovita Carranza and U.S. Treasury Secretary Steven T. Mnuchin said the April 27 resumption date was to “ensure that [the agency] has properly coded the system to account for changes made by the [Paycheck Protection Program and Health Care Enhancement Act]” and added that the SBA encourages “all approved lenders to process loan applications previously submitted by eligible borrowers and disburse funds expeditiously.”

For more information on the Paycheck Protection Program, including a list of lenders by state, visit SBA.gov/paycheckprotection.

For detailed information on applying for the Paycheck Protection Program and Economic Injury Disaster Loans, Dental Practice Success has an article with step-by-step instructions.

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