The Colorado Secretary of State has reported that the U.S. Small Business Administration (SBA) announced the Paycheck Protection Program (PPP) will re-open starting Monday, January 11, 2021 for new borrowers and certain existing PPP borrowers.

Initially, only community financial institutions will be able to make First Draw PPP Loans starting Monday, January 11, 2021 and Second Draw PPP Loans on Wednesday, January 13, 2021.

For additional details on the Paycheck Protection Program’s forgivable loans and a comprehensive list of state and federal resources available for Colorado’s businesses, visit https://oedit.colorado.gov/covid19#ppp. Please check the website frequently, as the Colorado Office of Economic Development & International Trade will be make updates as a hotline and new information becomes available.