Economic Aid - Paycheck Protection Program Updates

Fresno District Office  - January 2021

u s small business administration
PPP2

 

PAYCHECK PROTECTION PROGRAM

 

The U.S. Small Business Administration, in consultation with the U.S. Treasury Department, will re-open the Paycheck Protection Program (PPP) loan portal. 

 

First Draw PPP Loans are for those borrowers who have not received a PPP loan before August 8, 2020. The first round of the PPP, which ran from March to August 2020, was a historic success helping 5.2 million small businesses keep 51 million American workers employed.  

Second Draw PPP Loans are for eligible small businesses with 300 employees or less, that previously received a First Draw PPP Loan and will use or have used the full amount only for authorized uses, and that can demonstrate at least a 25% reduction in gross receipts between comparable quarters in 2019 and 2020. The maximum amount of a Second Draw PPP loan is $2 million. 

Join SBA Fresno TUESDAY - Jan 26nd @ 11am for a webinar to discuss the PPP and get your questions answered!!  NO REGISTRATION IS REQUIRED for this event.

JOIN HERE