Paycheck Protection Program (PPP) Deadline Extended to May 31, 2021Posted on Mar 31, 2021 in COVID-19, News
An SBA-backed loan that helps businesses keep their workforce employed during the COVID-19 crisis.
SBA is currently offering PPP loans until May 31, 2021. President Biden announced program changes to make access to PPP loans more equitable.
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 COVID-19 relief.