PPP extended through May 31

Illinois District Office  - March 2021

u s small business administration

BREAKING: Important Paycheck Protection Program Updates

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The Paycheck Protection Program has been extended through May 31, 2021

President Joe Biden signed the PPP Extension Act of 2021 into law today, extending the Paycheck Protection Program an additional two months to May 31, 2021, and then providing an additional 30-day period for the SBA to process applications that are still pending. Read more here.

About the Paycheck Protection Program

The Paycheck Protection Program (PPP) is a loan designed to provide direct incentive for small businesses to keep their workers on payroll. Additionally, borrowers may be eligible for PPP loan forgiveness. 

Find a PPP lender

Applicants must apply to a participating PPP lender to be considered for the Paycheck Protection Program. Find a lender through Lender Match or by searching for lenders near you here

First Draw and Second Draw PPP loans

If you have not received a PPP loan before, you can apply for a First Draw PPP loan through a participating PPP lender. If you have received a PPP loan and meet further eligibility requirements, you can apply for a Second Draw PPP loan.


Illinois District Office hours 

paycheck protection program, ppp

Attend office hours to get your questions about PPP and other SBA relief programs answered.

 

The SBA Illinois District Office is here to help you navigate the Paycheck Protection Program and other relief programs at the SBA. Join us Wednesday, March 31 at 10:00a.m. to get your questions about PPP and other programs answered. 

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Stay updated

Visit sba.gov/relief for updates on the loan programs, guidance for businesses and employers, and other SBA resources.

If you have questions about your already submitted EIDL application, contact the SBA Disaster Customer Service Center at (800) 659-2955 or disastercustomerservice@sba.gov.

Follow @SBA_Illinois on Twitter.

E-mail questions to illinois.do@sba.gov.