Hometown Insurance & Financial Services
Small businesses could receive a bolster to their finances as the Small Business Administration (SBA) and U.S. Department of the Treasury have reopened the Paycheck Protection Program (PPP).
To enable this, $284 billion was included as part of COVID-19 relief legislation that President Trump signed into law in December.
Community financial institutions have first access with first draw PPP loans starting January 11, 2021, and second draw on January 13; to ensure minority owned businesses, and businesses in distressed areas can receive funding.
PPP loans will open to all participating lenders soon after the above dates.
Applications are available from the SBA at these links:
Here to Help
Hometown Insurance and Financial Services is here to help! We can ensure your insurance and financial well-being are taken care of by listening to you. Send us a secure note here, or give us a call at (970) 264-4321.