The U.S. Small Business Administration (SBA) and Treasury Department Issue New Guidance to Implement Some Provisions of Economic Aid Act

The U.S. Small Business Administration (SBA) and Treasury Department Issue New Guidance to Implement Some Provisions of Economic Aid Act

January 7, 2021 – Firstrust Bank is looking forward to continuing to support our customers and the business community by participating in the next round of PPP. 

As soon as we receive complete guidance and direction needed from the SBA and Treasury, we can begin accepting PPP applications. We anticipate this will happen in the upcoming weeks.

In the meantime, late last night the SBA and Treasury Department issued some guidance on the provisions of the Economic Aid Act:

Firstrust will provide an overview of the guidance documents within a few days. We will continue to provide you with additional information as we learn more.