The U.S. Small Business Administration (SBA) and the Treasury Department have announced that the Paycheck Protection Program (PPP) will re-open to PPP-eligible lenders with $1 billion or less in assets for First and Second Draw applications on January 15, 2021, at 9 am ET. The SBA further announced that the PPP will fully re-open to all PPP participating lenders to submit First and Second Draw Loan applications on Tuesday, January 19.
