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The original item was published from 1/19/2021 9:24:18 AM to 1/19/2021 1:39:16 PM.

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Posted on: January 19, 2021

[ARCHIVED] Paycheck Protection Program Second Draw Now Open

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

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