A New Round of PPP Funds Opens TODAY!
The SBA, in consultation with the U.S. Treasury Department, will open the Paycheck Protection Program loan portal on Monday, January 11, 2021. When the PPP loan portal system opens, it will initially accept First Draw PPP loan applications from participating CFIs, which include Community Development Financial Institutions (CDFIs), Minority Depository Institutions (MDIs), Certified Development Companies (CDCs), and Microloan Intermediaries.
Congress passed $284 billion for another round of Paycheck Protection Program (forgivable) loans. You can apply for a new PPP (forgivable) loan, whether or not you received one before. This can be your first or second PPP loan, but you cannot get more than two PPP loans.
Download a copy of the SBA Application form you'll submit to your CDFI or bank to apply for a PPP (forgivable loan):
PPP Q&A with Join Steve Burke, WA SBDC Wednesday
Please join our friends at the Clallam EDC this Wednesday at 8am to hear from Steve Burke from WA Small Business Development Center (SBDC).
Steve is a subject matter expert on the SBA loan processes. You'll be able to ask him your questions. Not all of the guidance has been issued by the SBA and Treasury yet, but he has all the latest information:
Please join us:
Join Zoom Meeting at 8am, Wednesday Morning
Meeting ID: 818 7511 5879
Passcode: 923050
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+12532158782,,81875115879#,,,,,,0#,,923050# US (Tacoma)
