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PPP applications may be filed Monday morning

ALBUQUERQUE, N.M. — The U.S. Small Business Administration will resume accepting Paycheck Protection Program loan applications Monday morning, according to a press release from the agency.

The portal for approved lenders will open at 10:30 a.m. EDT, or 8:30 a.m. in New Mexico, the release said.

The PPP, which Congress established as a $349 billion emergency forgivable loan program for small businesses, was depleted in less than two weeks. Congress moved quickly this week to replenish the fund with another $320 billion in a bill signed by President Trump Friday.

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