Paycheck Protection Program (PPP) Loan 2nd round Update

The Small Business Administration (SBA), in partnership with the US Treasury, opened the preliminary Payroll Protection Program (PPP) application portal on Monday, January 11. This preliminary portal is focused on select minority and disadvantaged business institutions that serve clients seeking a “first-draw” PPP loan.

  • 1/15/21 SBA Round 2 COVID-19 Relief + PPP Application
  • Contact your bank and inquire about the loan and the application ASAP if you are interested to submit the application. Financial institutions like banks are the  processor of applications.

This is the link to the SBA’s FAQ on PPP. At this location, you can look at the application form and sample application. There are multiple languages available for this application.

For more background information on the second round of PPP lending, check out the Washington State Department of Commerce

January 14, 2021
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