Not to Worry - Announcement on SBA Depleted Funding PPP/EIDL
The News – if we have filed your PPP/EIDL Application... Good morning, everyone – as you may have heard, the money appropriated through the CARES Act has been depleted. The SBA website stated today: “Applicants who have already submitted their applications will continue to be processed on a first-come, first-served basis.” If your bank has received your Paycheck Protection Program application prior to this morning, they should honor it. Continued Funding... Treasury Secretary