The Small Business Administration (SBA) is currently accepting Second Draw PPP loan applications
from participating community financial institutions (CFIs) and lenders withunder $1 billion in assets, which includes approximately 5,000 institutions,
including community banks, credit unions, and farm credit institutions. Theprogram will open to all lenders on January 19, 2021.
At least $25 billion is being set aside for Second Draw PPP
Loans to eligible borrowers with a maximum of 10 employees or for loans of$250,000 or less to eligible borrowers in low or moderate income neighborhoods. Check the City's Economic Development page or the Small Business Administration page for more information:
Businesses Dealing with the Coronavirus Small Business Administration