(UNDATED) – The U.S. Small Business Administration will resume accepting PPP loan applications on Monday, April 27 at 10:30 a.m. from approved lenders on behalf of any eligible borrower.
This will ensure that SBA has properly coded the system to account for changes made by the legislation.
The PPP has supported more than 1.66 million small businesses and protected over 30 million jobs for hardworking Americans. With the additional funds appropriated by Congress, tens of millions of additional workers will benefit from this critical relief.
The U.S. Small Business Association encourages all approved lenders to process loan applications previously submitted by eligible borrowers and disburse funds expeditiously.
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.