SBA and Treasury Announce PPP Re-Opening; Issue New Guidance

Public Health Emergency Extended TheĀ U.S. Small Business Administration (SBA), in consultation with the Treasury Department, announced on Friday, January 8, 2021, that the Paycheck Protection Program (PPP) will re-open the week of January 11 for new borrowers and certain existing PPP borrowers. To promote access to capital, initially only community financial institutions will be able…