SBA Paycheck Protection Program (PPP)
The U.S. Small Business Administration and Treasury announced that lenders with $1 billion or less in assets can start making Paycheck Protection Program loans on Jan. 15. The application window will open for all lenders Jan. 19.]
The AICPA expects the federal government to open up the application process for all lenders participating in the latest round of the Paycheck Protection Program by Friday, and encourages CPA firms to advance the application process for small business clients seeking relief.
The Small Business Administration (SBA) began accepting new applications on a limited basis this week through community financial institutions. But confusion about the timing for other lenders has led to anxiety among small businesses and their advisers.
Alert: The second round of the Paycheck Protection Program is here. We as a CPA Firms can prepare and submit applications on the CPA Business Funding Portal.
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