Paycheck Protection Program (PPP)

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Paycheck Protection Program (PPP)

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IMPORTANT ANNOUNCEMENT:

After more than a year of operation and serving more than eight million small businesses, funding for the bi-partisan Paycheck Protection Program has been exhausted. The SBA will continue funding outstanding approved PPP applications, but new qualifying applications will only be funded through Community Financial Institutions, financial lenders who serve underserved communities. The SBA is committed to delivering economic aid through the many COVID relief programs it is currently administering and beyond.

The Paycheck Protection Program (PPP) is a loan designed to provide a direct incentive for small businesses to keep their workers on payroll. Borrowers may be eligible for PPP loan forgiveness.

SBA is currently offering PPP loans originated only by participating community financial institutions including Certified Development Companies (CDCs), SBA Microlenders, Community Development Financial Institutions (CDFIs), and Minority Depository Institutions (MDIs) until May 31, 2021 or until remaining funds are exhausted.

1. Find an eligible lender that is participating in PPP:

(Please note that not all community financial institutions are participating in PPP)

2. Identify a loan:

  • First Draw PPP loans: If you have not received a PPP loan before, First Draw PPP loans are available to you.
  • Second Draw PPP loans: If you have previously received a PPP loan, certain businesses are eligible for a Second Draw PPP loan.

The SBA also offers additional COVID-19 relief.

The SBA offers free counseling and training events to help you with the Paycheck Protection Program (PPP). Learn more

First Draw PPP loan


If you have not received a Paycheck Protection Program (PPP) loan before, First Draw PPP loans may be available to you.

Learn more

Second Draw PPP loan


If you have previously received a Paycheck Protection Program (PPP) loan, certain businesses are eligible for a Second Draw PPP loan.

Learn more

PPP loan forgiveness


Borrowers may be eligible for Paycheck Protection Program (PPP) loan forgiveness.

Learn more

PPP lender information


Information and resources for lenders participating in the Paycheck Protection Program (PPP).

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PPP data


Find data and reports related to the Paycheck Protection Program (PPP).

Learn more

Get help with your PPP loan


SBA offers free counseling and training events to help you with the Paycheck Protection Program (PPP).

Learn more

 

 

On Demand Videos

 

The Biden administration just announced major changes to the Payroll Protection Program, aimed at extending aid to minority-owned businesses and to the nation’s smallest firms. Only businesses with fewer than 20 employees will be able to apply for PPP funds through March 9. The administration is also making other changes that could impact small business’ access to pandemic relief. Learn about these changes at the U.S. Chamber’s Small Business Update from Thursday, February 25:

Small Business Update Webinar 2/25: PPP for Small Businesses