East County News Service
April 24, 2020 (Washington D.C.) – After the first round of Small Business Administration (SBA) funds for businesses impacted by COVID-19 ran out, Congress approved a new round of funding just signed into law by President Donald Trump.
The funding window for the new round of funding under the Paycheck Protection, which is designed to help small businesses retain workers, opens Monday morning and must be submitted through an approved lender. Applications previously submitted before the earlier round of funding runs out are also eligible for funding.
Administrator of the U.S. Small Business Administration Jovita Carranza and U.S. Treasury Secretary Steven T. Mnuchin issued the following statement today on the resumption of the Payroll Protection Program (PPP):