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The original item was published from 1/19/2021 2:18:00 PM to 1/19/2021 2:19:54 PM.

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Posted on: January 19, 2021

[ARCHIVED] Paycheck Protection Program Second Draw Now Open

Small Business Admin

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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