Federal Government Re-Opens Paycheck Protection Program, Issues New Guidance

The U.S. Department of the Treasury and the Small Business Administration this week re-opened the Paycheck Protection Program. The program opened on Jan. 11 for businesses that have not taken PPP loans, and on Jan. 13 it will open for businesses that have already received PPP funding. In addition, new guidance on changes to PPP was released on Jan. 6. To learn more about the PPP re-opening, click here, and to learn more about the new guidance, click here (and navigate to the bottom of the page, under “The new guidance released includes”). Curi encourages practices considering applying for this round of PPP funds to contact their bank as soon as possible to prepare.

News & Knowledge
All Curi recommendations are based on current CDC criteria at the time of publication. CDC guidance for SARS-CoV-2 infection may, or may not, be adopted by state and local health departments to respond to rapidly changing local circumstances. Providers should always check with their local health department to see if the CDC’s guidance on any given topic has been modified (particularly if more restrictive) from the CDC’s recommended guidelines. Follow this link https://www.cdc.gov/publichealthgateway/healthdirectories/index.html for contact information to your state/local health department. If local recommendations vary from those of the CDC, and you are unsure what recommendations to follow, then it is safer to follow the more restrictive guidelines/recommendations.