SBA accepting only Paycheck Protection Plan loan applications from small lenders until midnight on April 29
The U.S. Small Business Administration put out notice that, between 4 p.m. EST and 11:59 p.m. EST on April 29, it will only accept Paycheck Protection Program (PPP) loans from lenders with assets with less than $1 billion. This will help prioritize the loan applications of smaller businesses in need of emergency funds.
If you bank with a smaller lender such as a community bank, you should contact them to apply for a PPP loan.