Dan Nordberg has been hired as Colorado Springs market president by Bank of Colorado, replacing Collyn Florendo, who will retire in September. He spent the last three years as director
Enter your number to get our free mobile app
At first, only community financial institutions (such as: Community Development Financial Institutions, Minority Depository Institutions, Certified Development Companies, and Microloan Intermediaries) will be able to make First Draw PPP Loans on Monday, Jan. 11, followed by Second Draw PPP Loans on Wednesday, Jan. 13. Shortly after that, the PPP will be open to all participating lenders.
The goal of PPP is to offer loans to businesses (especially small businesses) in order to help them keep their workforce employed throughout the current pandemic. The first round of PPP loans was offered in early 2020. This round of the PPP is authorizing up to $284 billion toward job retention and certain other expenses through March 31, 2021.