Posted by PromiseOne Bank in News
The Small Business Administration (SBA) has announced it is no longer accepting Paycheck Protection Program loan applications from most lenders.
This is earlier than the SBA’s previous deadline of May 31. In accordance with this announcement, please note:
1. PromiseOne Bank is no longer accepting or processing new PPP loan applications unless you were an established customer prior to May 15, 2021.
2. Clients with applications that have been submitted to PromiseOne Bank , and are currently pending, will be notified of their application status through email.
3. The application deadline for PPP is either 12:00 PM on Tuesday, May 25 or until the PPP funds are exhausted.