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PPP - Paycheck Protection Program

The Paycheck Protection Program (PPP) is a loan intended to give small companies a direct opportunity to keep their employees on the payroll. PPP debt repayment may be available to borrowers.

CDCs, SBA Microlenders, Community Development Financial Institutions (CDFIs), and Minority Depository Institutions (MDIs) are the only community financial institutions currently providing PPP loans until May 31, 2021, or until remaining funds are depleted. Please keep in mind that not all group financial institutions are PPP participants.

>>CLICK HERE TO THE PAYCHECK PROTECTION PROGRAM<<

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PPP LOAN - FIRST DRAW

First Draw PPP loans could be open to you if you have never obtained a Paycheck Protection Program (PPP) loan before. PPP is a loan intended to give small companies a direct opportunity to keep their employees on the payroll. First Draw PPP loans will be used to help cover labor expenditures, and insurance, as well as mortgage interest, leases, electricity, pandemic-related worker safety costs, uninsured property loss costs from looting or arson in 2020, and some supply costs and expenditures for activities. >> CLICK HERE TO THE FIRST DRAW PPP <<
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Get Help With Your PPP Loan

To assist you with the Paycheck Protection Program, the SBA provides free counselling and educational activities (PPP). The Small Business Administration (SBA) has 68 District Offices throughout the country that provide advice and assistance to small businesses in their region. Via our official Resource Partners, we also collaborate with a variety of local agencies to advise, coach, and educate small businesses: SCORE advisors, Women's Business Centers, Small Business Development Centers, and Veterans Business Outreach Centers. >> CLICK HERE TO GET HELP WITH YOUR PPP LOAN <<
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PPP LOAN - SECOND DRAW

Certain companies are liable for a Second Draw PPP loan if they have already secured a Paycheck Protection Program (PPP) loan. Certain qualifying applicants who have already secured a PPP loan are now eligible to apply for a Second Draw PPP loan on the same general loan terms as their First Draw PPP loan. Payroll expenses, including insurance, will be covered with Second Draw PPP loans. Mortgage interest, rent, utilities, staff safety costs due to the pandemic, uninsured property loss costs incurred by looting or arson during 2020, and some supplier costs and expenditures for activities are also possible uses for the funds. >> CLICK HERE TO THE SECOND DRAW PPP LOANS <<
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