|The Federal Government recently allocated additional funding to reopen the SBA Paycheck Protection Program (PPP). On Friday, January 8, the SBA announced the basic rules and processes for the second round of Paycheck Protection Program (PPP) applications. Please be aware of two critical pieces of information:
Another important change from 2020 is all loans MUST be submitted through an online application portal (currently in process). We recommend that you review the application and prepare the documentation you need for the application process. These loans are granted on a first-come-first-serve basis, so it's an excellent idea to be fully prepared with what you need now so when you apply, you can do so quickly.
- If you DID NOT receive a PPP loan in 2020, you may begin applying immediately. Get application here.
- If you DID receive a 2020 PPP loan, you may begin applying on Wednesday, January 13, 2021. Get application here.
We encourage you to learn more about the PPP loans here. As we are given more information, we will pass it along as quickly as possible.