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Community Banks Get First Crack At The Brand New Round Of Loans

Community Banks Get First Crack At The Brand New Round Of Loans

The Washington Post via Getty Images

The Paycheck Protection Program (PPP) reopens the next day, nonetheless it won’t provide the same side to big, well-financed businesses while the very first iteration did. You could remember the uproar over some really businesses—with that is large of other sourced elements of liquidity—swooping in to claim PPP cash. This time, to advertise usage of money, initially only community banking institutions should be able to make First Draw PPP Loans on Monday, January 11, and Second Draw PPP Loans on Wednesday, January 13.