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.

https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/paycheck-protection-program


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.

https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/covid-19-economic-injury-disaster-loans


Cross Program Eligibility on SBA Coronavirus Relief Options

A summary of criteria that must be met when considering different funding options

 PPP ApplicantShuttered Venue Operators Grant ApplicantCOVID-19 EIDL Applicant
PPP RecipientFirst Draw PPP borrowers may be eligible to apply for Second Draw PPP loansMay apply for SVOG if received a PPP loan prior to 12/27/20May apply for EIDL; PPP and EIDL can’t be used for the same purpose/costs
Shuttered Venue Operators Grant RecipientNot eligible to apply for PPP loanMay be eligible to receive a supplemental SVOG awardMay apply for EIDL; SVOG and EIDL can’t be used for the same purpose/costs
COVID -19 EIDL RecipientMay apply for PPP; EIDL and PPP can’t be used for the same purpose/costsMay apply for SVOG; EIDL and SVOG can’t be used for the same purpose/costsThe same business cannot apply for more than one EIDL

https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/cross-program-eligibility-sba-coronavirus-relief-options

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