Paycheck Protection Program Introduces Exclusive Period For Smaller Businesses
President Biden announced that through Tuesday March 9, 2021 the Small Business Administration (SBA) will exclusively accept applications for Paycheck Protection Program (PPP) loans from businesses and nonprofits with fewer than 20 employees. During the 14-day exclusive period, financial institutions are still allowed take and review applications from all size small businesses, but they will not submit new applications to the SBA for businesses with 20 or more employees until Wednesday …