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  • SBA set aside time for small lender applications

    Apr 29, 2020 | Read More News
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    The U.S. Small Business Administration and Department of the Treasury plan to reserve the hours between 1 and 9 p.m. MST on April 29 (today) to process Payment Protection Program (PPP) loans specifically for small lenders and their small business customers. This time applies to lenders with less than $1 billion in assets to ensure more assistance reaches smaller businesses that were unable to get help during the first round of funding. 

    Please note, lending institutions with asset sizes less than $1 billion will still be able to submit PPP loans outside of this time frame. Also, lenders with assets greater than $1 billion will be able to submit loans outside of today’s reserved processing time.