U.S. Department of the Treasury announced in today’s press release reopening the Paycheck Protection Program (PPP) for new and certain existing PPP borrowers.
As stated in the press release published on January 8, 2020,
initially only community financial institutions will be able to make First Draw PPP Loans on Monday, January 11 and Second Draw PPP Loans on Wednesday, January 13. The PPP will open to all participating lenders shortly thereafter.
U.S. Department of Treasury Press Release, January 8, 2020