The bank doors open Monday for the next round of borrowing under the Paycheck Protection Program, with borrowers from the first round eligible to go in for another round of low-interest loans that can be forgiven under certain circumstances.
The Small Business Administration announced Friday that it would start taking applications for new borrowers and “certain” existing borrowers. But the restricted nature of the first days is not expected to last long; the SBA said the PPP will open “to all...
https://www.freightwaves.com/news/second-round-of-ppp-funding-begins-monday