Round 2 of PPP Loans
This page updated on Jan. 14, 2021 at 4:15 pm
As an update to our notice last week, the SBA has begun accepting applications from only a small limited number of financial service providers such as CFI’s, MDI’s and Micro Lenders.
- Bank of the San Juan, like the majority of the financials institutions in our markets, are not currently authorized to submit PPP Applications for processing.
- Our estimated date to begin accepting applications will be on January 19, 2021, pending final SBA notifications.
Also, we are aware that a small number of institutions have begun to accept the current application posted to the SBA website.
We suggest that you wait to fill out any application until you have received the packet from us at the bank – because there are pending changes and most likely will continue to be through the weekend. We continue to ask for your patience over the next several days as we finish preparing to facilitate this program and encourage you to read the below items to begin preparing for your application.