{"id":875,"date":"2021-01-17T10:25:21","date_gmt":"2021-01-17T16:25:21","guid":{"rendered":"https:\/\/crenshawcochamber.com\/?p=875"},"modified":"2021-01-17T10:25:21","modified_gmt":"2021-01-17T16:25:21","slug":"paycheck-protection-program-first-draw-loans","status":"publish","type":"post","link":"https:\/\/crenshawcochamber.com\/?p=875","title":{"rendered":"Paycheck Protection Program First Draw Loans"},"content":{"rendered":"\n<p><strong>Subject:&nbsp;<\/strong>PAYCHECK PROTECTION PROGRAM FIRST DRAW LOANS<\/p>\n\n\n\n<p>The U.S. Small Business Administration, in consultation with the U.S. Treasury Department, is opening the Paycheck Protection Program loan portal on Monday, Jan. 11, 2021 at 9 am ET. When the PPP loan portal system opens on Monday morning, it will initially accept&nbsp;First Draw PPP&nbsp;loan applications from participating CFIs, which include Community Development Financial Institutions (CDFIs), Minority Depository Institutions (MDIs), Certified Development Companies (CDCs) and Microloan Intermediaries.<\/p>\n\n\n\n<p>&nbsp;The opening&nbsp;of&nbsp;the SBA loan system is designed to efficiently and effectively implement the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act and to ensure increased access to the PPP for minority-, underserved-, veteran- and women-owned small business concerns. SBA also is calling upon its lending partners to redouble their efforts to assist eligible borrowers in underserved and disadvantaged communities.<\/p>\n\n\n\n<p>&nbsp;SBA will continue to provide updates on operations during the week&nbsp;of&nbsp;January 11, 2021. Additionally, SBA plans to dedicate specific times to process and assist the smallest PPP lenders with loan applications from eligible small businesses.<\/p>\n\n\n\n<p>Eddie F. Postell<\/p>\n\n\n\n<p>Manager,&nbsp;<strong>Office&nbsp;of&nbsp;Small Business Advocacy<\/strong><\/p>\n\n\n\n<p><strong>Alabama Department&nbsp;of&nbsp;Commerce<\/strong><\/p>\n\n\n\n<p>401 Adams Avenue, Suite 610<\/p>\n\n\n\n<p>Montgomery, Alabama 36130<\/p>\n\n\n\n<p>Office:&nbsp; (334) 242-0485<\/p>\n\n\n\n<p>Fax: (334) 242-0415<\/p>\n\n\n\n<p>Toll Free: (800) 248-0033<\/p>\n\n\n\n<p>Website:&nbsp;<a href=\"http:\/\/www.madeinalabama.com\/\" rel=\"noreferrer noopener\" target=\"_blank\">http:\/\/www.madeinalabama.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Subject:&nbsp;PAYCHECK PROTECTION PROGRAM FIRST DRAW LOANS The U.S. Small Business Administration, in consultation with the U.S. Treasury Department, is opening&hellip;<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[41],"tags":[],"class_list":["post-875","post","type-post","status-publish","format-standard","hentry","category-ppp-information"],"_links":{"self":[{"href":"https:\/\/crenshawcochamber.com\/index.php?rest_route=\/wp\/v2\/posts\/875"}],"collection":[{"href":"https:\/\/crenshawcochamber.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crenshawcochamber.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crenshawcochamber.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/crenshawcochamber.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=875"}],"version-history":[{"count":1,"href":"https:\/\/crenshawcochamber.com\/index.php?rest_route=\/wp\/v2\/posts\/875\/revisions"}],"predecessor-version":[{"id":876,"href":"https:\/\/crenshawcochamber.com\/index.php?rest_route=\/wp\/v2\/posts\/875\/revisions\/876"}],"wp:attachment":[{"href":"https:\/\/crenshawcochamber.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=875"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crenshawcochamber.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=875"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crenshawcochamber.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=875"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}