• Jacque Coe

Paycheck Protection Program Application & Resources

Updated: Jan 16

The Small Business Administration’s (SBA) Paycheck Protection Program (PPP) application portal officially reopens Jan. 11, when the SBA will accept “first-draw” loans from small businesses yet to receive a PPP loan and only from lenders SBA has identified as “community financial institutions.”

SBA has defined those as community financial institutions as:

· community development financial institutions,

· minority deposit institutions,

· certified development companies

· microloan intermediaries

These lenders will be able to process applications and submit them to the SBA first. Contact your lender to ask if they qualify as a community financial institution under the guidelines of the PPP.

For small businesses applying for a second PPP loan, the SBA application portal opens on Jan. 13, but as with the first-draw loans, applications are only accepted with community financial institutions.

Here are the latest application forms and resources:

NEW Application for Second Draw PPP

Updated Application for First Draw PPP

For a list of certified Community Development Financial Institution s(CDFI) by city and state, click here.

Guidance & Resources

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