• Member Login
  • 781-438-0001
  • Contact Us
  • Facebook

Stoneham MA Chamber of Commerce

  • Home
  • Directory
    • Member Login
    • New Member Application
  • Calendar
    • Chamber Events
    • Community Events
  • Events
    • Stoneham 101: New Residents
    • Golf Tournament
    • Local Eats Week Stoneham
    • Halloween Stroll
    • Health & Wellness Expo
    • Keep the Cheer Here
    • Stoneham Town Day
    • Tree Lighting on the Common
    • Business After Hours
    • Z-Archive: Breakfast Networking Events
    • Multi-Chamber Networking and Business Card Exchanges
  • Membership
    • Membership Benefits
    • About Stoneham
    • Stoneham History
  • About
    • Our Mission
    • Board of Directors
  • News
You are here: Home / News / PPP Re-Opens to Small Lenders on 1/15 & All Lenders on 1/19

January 14, 2021 - Stoneham Chamber of Commerce

PPP Re-Opens to Small Lenders on 1/15 & All Lenders on 1/19

The U.S. Small Business Administration, in consultation with the U.S. Treasury Department, will re-open the Paycheck Protection Program (PPP) loan portal to PPP-eligible lenders with $1 billion or less in assets for First and Second Draw applications on Friday, January 15, 2021 at 9 am ET. The portal will fully open on Tuesday, January 19, 2021 to all participating PPP lenders to submit First and Second Draw loan applications to SBA.

Earlier in the week, SBA granted dedicated PPP access to Community Financial Institutions (CFIs) which include Community Development Financial Institutions (CDFIs), Minority Depository Institutions (MDIs), Certified Development Companies (CDCs), and Microloan Intermediaries as part of the agency’s ongoing efforts to reach underserved and minority small businesses.

On Friday, SBA will continue its emphasis on reaching smaller lenders and businesses by opening to approximately 5,000 more lenders, including community banks, credit unions, and farm credit institutions. Moreover, the agency also plans to have dedicated service hours for these smaller lenders after the portal fully re-opens next week.

Learn more

  • Join the Chamber

New Chamber Members

We would like to welcome the following new members to the Stoneham Chamber of Commerce

Find A Chamber Member

  • Recent
  • Popular

Follow the Chamber!

  • Email
  • Facebook
  • Instagram
  • Twitter

Our Address

Stoneham Chamber of Commerce
Executive Director, Megan Day
335 Main St. Suite 202
Stoneham, MA 02180
781-438-0001

Chamber News Items

  • ChamberNews for January 20
  • Sweeping COVID Recovery & Affordable Housing Bill Signed into Law
  • Sector-Specific Relief Grant Program Deadline EXTENDED Until Monday, January 18th

Join Chamber Email List

  • This field is for validation purposes and should be left unchanged.

Copyright © 2021 · Stoneham Chamber of Commerce • 335 Main St. Suite #202, Stoneham, MA 02180
Website Design & Maintenance by BIZ-ID LLC