The Biden administration announced several Paycheck Protection Program reforms to target the program to the smallest businesses.
The updates include:
Additional PPP information and resources are available on the SBA and Treasury sites and ICBA's PPP and EIP News page.
OriTrust's PPP Fast Application is a powerful bank developed tool that can help its members fast-track PPP lending and is very straightforward and simple to use. It helps with making sure the bank is collecting all the required information and with the ongoing monitoring of information to ensure each borrower obtains loan forgiveness.