SBA Paycheck Protection Program (PPP)
Paycheck Protection Program Loan Information
An additional $310 billion has just been approved to extend the PPP through the U.S. Small Business Administration. Applications can be submitted today from participating program lenders and is on a first come, first served basis.
Eligibility includes:
- Tribal businesses
- 501(c)(19) veteran organizations
- 501(c)(3) non-profit organizations, including religious organizations
- Any small business with less than 500 employees (including sole proprietorships, independent contractors, and self-employed persons)
- Any business with NAICS Code beginning with 72 (Accommodations & Food Services) that has more than one physical location and employs less than 500 per location
Paycheck Protection Program Lenders
If you wish to begin preparing your application, you can download a copy of the PPP borrower application form to see the information that will be requested from you when you apply with a lender. To find eligible PPP lenders near you, visit the U.S. Small Business Administration website and type in your zip code.
You can apply through any existing SBA 7(a) lender or through any federally insured depository institution, federally insured credit union, and Farm Credit System institution that is participating. Other regulated lenders will be available to make these loans once they are approved and enrolled in the program. You should consult with your local lender as to whether it is participating in the program.
