Resources for Main Streets

SBA and Treasury Announce PPP Re-Opening; Issue New Guidance

WASHINGTON – The U.S. Small Business Administration (SBA), in consultation with the Treasury Department, announced today that the Paycheck Protection Program (PPP) will re-open the week of January 11 for new borrowers and certain existing PPP borrowers. To promote access to capital, initially only community financial institutions will be able to make First Draw PPP Loans on Monday, January 11, and Second Draw PPP Loans on Wednesday, January 13.  The PPP will open to all participating lenders shortly thereafter. Updated PPP guidance outlining Program changes to enhance its effectiveness and accessibility was released on January 6 in accordance with the Economic Aid to Hard-Hit Small Businesses, Non-Profits, and Venues Act.

This round of the PPP continues to prioritize millions of Americans employed by small businesses by authorizing up to $284 billion toward job retention and certain other expenses through March 31, 2021, and by allowing certain existing PPP borrowers to apply for a Second Draw PPP Loan.

“The historically successful Paycheck Protection Program served as an economic lifeline to millions of small businesses and their employees when they needed it most,” said Administrator Jovita Carranza.  “Today’s guidance builds on the success of the program and adapts to the changing needs of small business owners by providing targeted relief and a simpler forgiveness process to ensure their path to recovery.” 

“The Paycheck Protection Program has successfully provided 5.2 million loans worth $525 billion to America’s small businesses, supporting more than 51 million jobs,” said Treasury Secretary Steven T. Mnuchin.  “This updated guidance enhances the PPP’s targeted relief to small businesses most impacted by COVID-19.  We are committed to implementing this round of PPP quickly to continue supporting American small businesses and their workers.”

Key PPP updates include:

  • PPP borrowers can set their PPP loan’s covered period to be any length between 8 and 24 weeks to best meet their business needs;

  • PPP loans will cover additional expenses, including operations expenditures, property damage costs, supplier costs, and worker protection expenditures;

  • The Program’s eligibility is expanded to include 501(c)(6)s, housing cooperatives, direct marketing organizations, among other types of organizations;

  • The PPP provides greater flexibility for seasonal employees;

  • Certain existing PPP borrowers can request to modify their First Draw PPP Loan amount; and

  • Certain existing PPP borrowers are now eligible to apply for a Second Draw PPP Loan. 

A borrower is generally eligible for a Second Draw PPP Loan if the borrower:

  • Previously received a First Draw PPP Loan and will or has used the full amount only for authorized uses;

  • Has no more than 300 employees; and

  • Can demonstrate at least a 25% reduction in gross receipts between comparable quarters in 2019 and 2020.


The new guidance released includes:


For more information on SBA’s assistance to small businesses, visit or

Tips for Adapting your Business

  • Encourage community members to buy gift certificates at local restaurants and retail shops
    to be used later in the year

  • Restaurants can consider connecting to food delivery services or more take-out options

  • Yoga studios and similar shops - consider video conference sessions

  • Retail businesses - now is the time to enhance your store's online shopping experience (or create one)

  • Small-Medium businesses should intensify their social media presence

  • Offer Facetime, Skype, or chat channel services for selling virtually face-to-face, answering questions, and providing the same customer service interaction you would provide in your store

  • When people work remotely, they are more susceptible to online shopping, checking in with
    social media more often, etc. Your business should identify ways to take advantage of this.

  • Develop a cleaning protocol with a local cleaning service. Get some neighbor businesses on
    board and develop a pledge - “Downtown Cares About Your Health”. Tell everyone about it with on-site signage and through digital channels!

  • Consider and implement ways your business can create a healthier environment for staff and
    customers. Communicate your business's commitment to public health. One example: for
    restaurants with service cases, create a rope barrier 3-5 feet away from the case to distance
    your products from human contact.

  • Update your customers on new experiences or products you'll offer when conditions

  • Could your business set up a customer membership for "subscribe & save" delivery or pickup
    of your products?

  • Consider accepting a "shopping list" online, and fulfilling the order through delivery

  • Continuously promote the value and reliability of locally sourced products and local supply

  • Stay connected with customers using live streaming, videos, or live chats. Proudly show off the ways you are adapting your business so that you can continue to serve them!

  • Consider a regular cadence of communication - for example, "today's news from the bagel shop".

  • Talk to your insurance agent about business interruption insurance

  • Does your business host live music or other events like trivia night, etc.? Live stream them!


P.O. Box 1643

501 S. Main St.

Pendleton, OR 97801

  • Facebook Social Icon
  • Twitter Social Icon
  • Instagram Social Icon