The U.S. Small Business Administration (SBA), in consultation with the Treasury Department, announced that the Paycheck Protection Program (PPP)
The Paycheck Protection Program (PPP) provides loans to help businesses keep their workforce employed during the Coronavirus (COVID-19) crisis. 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.
SBA also offers additional Coronavirus relief.
Find more information on the following websites:
• First Draw PPP Loan
• Second Draw PPP Loans
• PPP Loan Forgiveness
• PPP Lender Information
• PPP Data
• Economic Injury Disaster Loans
• Shuttered Venue Operators Grant
• SBA Express Bridge Loans
• SBA Debt Relief
