Paycheck Protection Program
Notice: Paycheck Protection Program
The Paycheck Protection Program (PPP) provides loans to help businesses keep their workforce employed during the Coronavirus (COVID-19) crisis. Borrowers may be eligible for PPP loan forgiveness.
1. Find a lender:
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.
SBA also offers additional Coronavirus relief.
An SBA-backed loan that helps businesses keep their workforce employed during the Coronavirus (COVID-19) crisis.
COVID-19 Economic Injury Disaster Loans
This loan provides economic relief to small businesses and nonprofit organizations that are currently experiencing a temporary loss of revenue.
Cross Program Eligibility on SBA Coronavirus Relief Options
A summary of criteria that must be met when considering different funding options
|PPP Applicant||Shuttered Venue Operators Grant Applicant||COVID-19 EIDL Applicant|
|PPP Recipient||First Draw PPP borrowers may be eligible to apply for Second Draw PPP loans||May apply for SVOG if received a PPP loan prior to 12/27/20||May apply for EIDL; PPP and EIDL can’t be used for the same purpose/costs|
|Shuttered Venue Operators Grant Recipient||Not eligible to apply for PPP loan||May be eligible to receive a supplemental SVOG award||May apply for EIDL; SVOG and EIDL can’t be used for the same purpose/costs|
|COVID -19 EIDL Recipient||May apply for PPP; EIDL and PPP can’t be used for the same purpose/costs||May apply for SVOG; EIDL and SVOG can’t be used for the same purpose/costs||The same business cannot apply for more than one EIDL|