SBA Applications for PPP to Reopen

Rich Talipsky Uncategorized

SBA Application Portal For PPP Applications Will Reopen Tomorrow, Monday, April 27th at 10:30am EDT

The U.S. Small Business Administration (SBA) will resume accepting Paycheck Protection Program (PPP) loan applications on Monday, April 27 at 10:30 AM EDT from approved lenders on behalf of any eligible borrower.  This will ensure that SBA has properly coded the system to account for changes made by the legislation.

You can apply through any existing SBA 7(a) lender or through any federally insured depository institution, federally insured credit union, and Farm Credit System, or non-bank lending institution that is participating. You should consult with your local lender as to whether it is participating in the program.

To learn more about the Paycheck Protection Program or to download an application please visit https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/paycheck-protection-program.

Find a lender near you at https://www.sba.gov/paycheckprotection/find  or see a list of Rhode Island Participating Lenders by Clicking Here