Paycheck Protection Program Application & Resources

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

• Form 2483-SD – Second Draw Borrower Application

Updated Application for First Draw PPP

• Form 2483 – First Draw Borrower Application

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

Guidance & Resources

• Policy Update for Restaurants – 2nd Draw PPP

• Top-Line Overview of First Draw PPP Loans

• Top-Line Overview of Second Draw PPP Loans

• Interim Final Rule #1 – PPP as Amended by Economic Aid Act

• Interim Final Rule #2 – PPP Second Draw Loans

• Accessing Capital for Minority Underserved, Veteran and Women-Owned Business Concerns Guidance

• Procedural Notice – Modifications to SBA Forms 3506, 3507 and 750 CA (PPP only)

• Procedural Notice - SBA Procedural Notice on Repeal of EIDL Advance Deduction Requirement