Small business loan applications to resume Monday after Trump signs new $484 billion package into law
The bill includes $310 billion in new funds for the Paycheck Protection Program , which was put in place to provide aid for small businesses.
According to a statement released by Jovita Carranza, administrator of the Small Business Administration , and Treasury Secretary Steven Mnuchin, the SBA will begin accepting PPP loan applications again on Monday, April 27. "We encourage all approved lenders to process loan applications previously submitted by eligible borrowers and disburse funds expeditiously," the statement read. "All eligible borrowers who need these funds should work with an approved lender to apply. Borrowers should carefully review PPP regulations and guidance and the certifications required to obtain a loan."
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