The new PPP presbytery round will not be announced yet

The Federal Administration of Pequeños Negocios (SBA, by its seals in English) is in the process of updating the guises that govern the new round of the Nomination Protection Program (PPP, by its seals in English), for which there is no receipts for applications.

This new round, for which $ 324,000 million will be allocated to all United States cities and territories, was approved in the December finals as part of the new economic stimulus package to address the COVID-19 pandemic.

“At the moment, the SBA, in consultation with the Department of Treasury, is working on how to identify changes in the forms and processes of the program rules, as established in the legislative text, and to update the manner in which guide and systems for PPP performers and performers ”, expressed the SBA in written statements.

“The SBA and the Treasury are compromising to ensure that the next round of PPPs is the most expedient to bring a critical economic level to the small business community,” the entity said.

For its part, the Popular Bank, in the wake of its communications official Juan Cintrón, announced that the institution has not yet accepted PPP’s prestigious awards in this new round, it is to be hoped that the SBA will issue the new guidelines and instructions that will work with the program.

Oriental Bank also informs, in written statements, that “as soon as the SBA has announced the requirements for soliciting the PPP, we will include it in the online solicitation to start receiving”.

The PPP gee toe is designed to provide a direct incentive for the small business owners to work with their nominees. We present to private financial institutions that appear as participants in the program. The SBA condones the claims and complies with all the employment retention criteria and funds used for eligible guests.

It was a good time for the PPP rounds. In this program, Popular obtovo the approval of more than 29,000 presents for little ones and median companies for a total value of more than $ 1.4 million. Estos includes $ 240 million per customer in Estados Unidos continentales, $ 27 million per customer in Las Islas Vírgenes Estadounidenses, and $ 1,200 million in Desembolsaron and Puerto Rico. Popular Origins – 63% of PPP residents in Puerto Rico.

Oriental designation completed 4,042 solicitudes de préstamos del PPP, with a total of $ 164 million. “We are the first to execute the digital way process, without the need for our customers to visit our offices,” said Carlos Comas, vice president and director of the Banca de Negocios de Oriental. “We also list in this round to offer the service that customers need”.

More than 4.9 million PPP cases were carried out in 2020 by companies and entities without fines in all United States as a palliative for the economic impact of coronavirus.

Extension to EIDL

On the other hand, the SBA recently announced that it will limit the application of the Préstamo program by Disaster by Economic Economies (EIDL, in English) to the disaster declaration for the COVID-19 pandemic, which expires on December 31st.

In recent years, the SBA has raised $ 197 million in interest-bearing capital funds, including low-income businesses, lucrative and agricultural end-of-life organizations.

The prizes are offered in very reasonable terms, with a 3.75% interest rate for the small companies and a 2.75% interest rate for the finite organizations, with a profit of 30 years and an automatic attachment of which start the monthly pages, informs the SBA.