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

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.

TheSmall Business Administration will resumeaccepting PPP loanapplicationson Monday, April 27 at 10:30 AM 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 approvedlender 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 Americas workers and small businesses continue to get the resources they need to get through this challenging time.

*Learn more about thePaycheck Protection Program [ [link removed] ]*


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Job Announcements

The SBA is hiring temporary employees to assist with disaster relief efforts during theseunprecedented times. The positions include:


* Call Center Customer Service Representative
* Document Preparation/Legal Review/Loan Closings
* Loan Processing/Credit Analysis/Mortgage Underwriting
* Program Support

*Apply today [ [link removed] ]*


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Beware of Scams and Fraud Schemes

The Office of Inspector General recognizes that we are facing unprecedented times and is alerting the public about potential fraud schemes related to economic stimulus programs offered by the U.S. Small Business Administration in response to the Novel Coronavirus Pandemic (COVID-19). The Coronavirus Aid, Relief, and Economic Security (CARES) Act, the largest financial assistance bill to date, includes provisions to help small businesses. Fraudsters have already begun targeting small business owners during these economically difficult times. *_Be on the lookout for grant fraud, loan fraud, and phishing_**.*

*Learn more [ [link removed] ]*


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Federal Coronavirus Resources

State, local, and federal agencies are working together to maintain the safety, security, and health of the American people. Check out coronavirus.gov [ [link removed] ] for updates from the White House'sCoronavirus (COVID-19) Task Force.Go to cdc.gov [ [link removed] ] for detailed information about COVID-19 from the Centers for Disease Control and Prevention.

*Learn more about the federal government's response [ [link removed] ]*


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Virtual Mentoring and Training

Offices around the country may be closed to the Coronavirus pandemic, but SCORE, Small Business Development Centers,Womens Business Centers, and Veterans Business Outreach Centers and other resource partners are providing free business mentoring and training by phone, email, and video.

*Find an SBA resource partner near you [ [link removed] ]*


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SBA District and Regional Office Webinars on Disaster Assistance

SBA district and regional offices are offering webinars about Economic Injury Disaster Loans.

These webinars explain SBA's Economic Injury Disaster Loan program and how you can apply for disaster assistance.

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www.sba.gov [ [link removed] ]

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