• Skip to primary navigation
  • Skip to main content
  • Skip to footer
  • RFP
  • About
  • Events
  • News
  • Contact
  • Nav Social Menu

    • Facebook
    • Instagram
    • LinkedIn
    • YouTube
SKED

SKED

Southeast Kentucky Economic Development

  • Business Loans
  • Training
  • Recruitment & Expansion
  • About
    • Team
    • Staff
    • Board of Directors
  • Events
  • News
  • Contact
  • Business Loans
  • Training
  • Recruitment & Expansion

Paycheck Protection Program and Health Care Enhancement Act

April 26, 2020

COVID-19 |  Lending

Joint Statement by SBA Administrator Jovita Carranza and Treasury Secretary Steven T. Mnuchin on the Resumption of the Paycheck Protection Program

WASHINGTON – 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):

“We are pleased that President Trump has signed into law the Paycheck Protection Program and Health Care Enhancement Act, which provides critical additional funding for American workers and small businesses affected by the coronavirus pandemic.  We want to thank Leader McConnell, Leader Schumer, Speaker Pelosi, and Leader McCarthy for working with us on a bipartisan basis to ensure that the Paycheck Protection Program is funded so that small businesses can keep hardworking Americans on the payroll.

“The Small Business Administration will resume accepting PPP loan applications on Monday, April 27 at 10:30AM EDT from approved lenders on behalf of any eligible borrower.  This will ensure that SBA has properly coded the system to account for changes made by the legislation.

“The PPP has supported more than 1.66 million small businesses and protected over 30 million jobs for hardworking Americans.  With the additional funds appropriated by Congress, tens of millions of additional workers will benefit from this critical relief.

“We encourage all approved lenders to process loan applications previously submitted by eligible borrowers and disburse funds expeditiously.  All eligible borrowers who need these funds should work with an approved lender to apply.  Borrowers should carefully review PPP regulations and guidance and the certifications required to obtain a loan.

“The Trump Administration is fully committed to ensuring that America’s workers and small businesses continue to get the resources they need to get through this challenging time.”

For more information on the Paycheck Protection Program, visit: sba.gov/paycheckprotection.

###

Released by the U.S. Small Business Administration: The U.S. Small Business Administration makes the American dream of business ownership a reality. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow or expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov

Share this:
  • Letter from the Executive Director
    New Funding for Paycheck Protection Program Starts Soon
  • How to fill out EIDL Program Forms
  • SBA Webinar on EIDL Program for Businesses

Footer

News, Insights and Upcoming Events

straight to your inbox each month.

Select list(s) to subscribe to

SKED

2292 S Hwy 27
Somerset · Kentucky · 42501

(606) 677-6100
skedcorp.com

 

  • About
    • Team
    • Board of Directors
  • Services
    • Business Loans
    • Training
    • Recruitment & Expansion
  • Media
    • News
    • Events
    • Success Stories
Certified US Department of the TreasuryAeris Rated since 2017

Community Development Financial Institutions – or CDFIs – are certified by the U.S. Department of the Treasury’s CDFI Fund. All are mission-driven financial institutions that are dedicated to providing financial services to meet the needs of economically disadvantaged individuals within underserved communities. For more information about the CDFI Fund, visit www.CDFIFund.org.

Copyright © 2021. Southeast Kentucky Economic Development. Accessibility. Privacy. Terms.

made by P&P
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled

Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.

Non-necessary

Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.

COVID 19 RESOURCES