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Applications Now Open for Small Business PPP Loans 

  • January 13, 2021
  • theumphx
  • The Upper Middle

The federal government is rolling out another lifeline for businesses impacted by the pandemic.

Loan applications are now being accepted for the Paycheck Protection Program.

This time around, Congress has approved more than $280 billion in relief funds for the second roll out.

It’s important to note, although the program is reopening not all lenders will be able to process and issue funds immediately.

The program is giving priority to smaller community based lenders who work with low income communities and minority owned businesses.

For business owners who have already received a PPP loan, you can start applying for a second loan of up to $2 million on Wednesday.

The program will open up to all lenders later this week on Thursday.

Click here for more information.

 

 

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The Upper Middle Phoenix (The UM) is your go-to source for local news, events, business updates, and culture in Arcadia, North Central Phoenix, and Biltmore. We also cover Paradise Valley and Downtown Phoenix, bringing you the latest on food & drink, real estate, outdoor activities, and community happenings.
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