In order to reach the smallest businesses, the U.S. Small Business Administration (SBA) announced it will offer Paycheck Protection Program (PPP) loans to businesses with fewer than 20 employees and sole proprietors only from Wed., Feb. 24 through Wed., March 10, 2021.
Learn about the new qualifications and how to apply below, including additional SBA program changes to make access to PPP loans more equitable, announced by President Biden last week, and information about whether a First Draw and Second Draw PPP loan is right for your business.