An SBA loan that helps businesses keep their workforce employed during the Coronavirus (COVID-19) crisis.
First Draw PPP loans can be used to help fund payroll costs, including benefits in addition to mortgage interest, rent, utilities, and worker protection costs related to the pandemic.
- First Draw PPP Loans for first time program participants
Second Draw PPP loans allow certain eligible borrowers who previously received a PPP loan to apply for a second PPP loan with the same general loan terms as their First Draw PPP Loan.
- Second Draw PPP Loans beginning January 13, 2021 for certain businesses who have previously received a PPP loan
Find out who is eligible for PPP loans, what the terms are, and how to apply: https://www.sba.gov/ppp