Paycheck Protection Program
The Paycheck Protection Program (PPP) provides loans to help businesses keep their workforce employed during the Coronavirus (COVID-19) crisis. The Small Business Administration (SBA) is currently offering:
First Draw PPP Loans for first time program participants
Second Draw PPP Loans beginning January 13, 2021 for certain businesses who have previously received a PPP loan
SBA is currently accepting Paycheck Protection Program PPP loan applications from participating community financial institutions (CFIs) and lenders with under $1 billion in assets, which includes approximately 5,000 institutions, including community banks, credit unions, and farm credit institutions. Lender Match can help you find a participating lender. The program will open to all lenders on January 19, 2021.
Click here to be directed to the Small Business Administration page.