+1 (216) 269 3272 Pierre@profilenewsohio.com
By Andy Medici | Cleveland Business Journal

The Small Business Administration is asking Paycheck Protection Program lenders to withdraw any application that has not yet been approved so that small businesses can apply elsewhere.

The SBA said that if lenders do not remove their loans, the agency will remove them on May 17, 2021, according to a message sent to lenders by the agency’s Office of Capital Access, which oversees the program. The move is intended to give small businesses time to apply for a PPP loan anew with a community financial institution, which are allowed to keep making loans under a multibillion dollar set aside reserved for small lenders such as Community Development Financial Institutions and Minority Deposit Institutions.

Small businesses have until May 31 to apply for a PPP loan with the SBA, which has until the end of June to approve any such loans.

Read the full story on cleveland.com’s sister site, Cleveland Business Journal.

Can’t-Miss Moments From The Olympics Opening Ceremony

Pictogram people become unlikely MVPs One of the most striking sequences in the Tokyo Olympics' opening ceremony revolved around pictograms. Tokyo organizers have been touting their "kinetic pictograms," which show figures bursting into motion across dozens of...


PHILADELPHIA (AP) — President Joe Biden declared preserving voting rights an urgent national “test of our time” on Tuesday but offered few concrete proposals to meet it.Texas Democrats took theirown dramatic action to stymie Republican efforts to tighten ballot...

Our Businesses

Businesses We Endorse //

Submit your event

We will be happy to share your events. Please email us the details and pictures at publish@profilenewsohio.com 


P.O. Box: 311001 Independance, Ohio, 44131

Call Us

+1 (216) 269 3272

Email Us