Politics & Government
Paycheck Protection Program Re-opens To All Lenders
This federal program is designed to help certain businesses during the COVID-19 pandemic to continue to pay their employees.
Press release from State Rep. Palm:
Jan. 22, 2021
Dear Neighbor,
Find out what's happening in Essex-Chester-Deep Riverfor free with the latest updates from Patch.
The Middlesex Chamber of Commerce is notifying local business owners that the federal Small Business Administration has now re-opened the Paycheck Protection Program (PPP) to all lenders. As a reminder, this is a federal program which is designed to help certain businesses during the COVID-19 pandemic to continue to pay their employees.
According to a notice released by the Chamber:
Find out what's happening in Essex-Chester-Deep Riverfor free with the latest updates from Patch.
"As of Tuesday, Jan. 19, 2021, PPP lenders can submit both First Draw and Second Draw loan applications to the SBA on behalf of their clients.
The SBA has revised the PPP website with updated forms, guidance and general information."
I wish to thank the Middlesex Chamber for passing along this news, and I encourage business owners to begin the loan application process with a lender.
Please help me reach your neighbors, who may be in need, by forwarding this email to them. Feel free to contact me by email at Christine.Palm@cga.ct.gov with any questions or concerns.
Sincerely,
Christine Palm
State Representative
This press release was produced by State Rep. Palm. The views expressed here are the author's own.
