Tuesday, 23 February 2021 09:03

SBA Prioritizes Smallest of Small Businesses in PPP


...by the first week of March. The SBA is working on the program changes and will communicate details.


These actions will help to lay the foundation for a robust and equitable recovery for small businesses across the country. Small businesses employ nearly half of the American workforce; they create two out of three net new private-sector jobs; they reinvest 68% of revenues to build and sustain communities.


Borrowers can apply for the Paycheck Protection Program by downloading the First Draw PPP loan application or Second Draw PPP loan application and working with a participating PPP lender through the SBA Lender Match tool.


Through SBA’s nationwide district offices, the agency will work in close partnership with the administration to further leverage its resource partner network and expand on multilingual access and outreach about the PPP. Updated PPP information, including forms, guidance and resources, is available at www.sba.gov/ppp and www.treasury.gov/cares.


Source: SBA


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