Cal Coastal SBDCServing Monterey and San Benito Counties.
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2021 Paycheck Protection Loans (PPP2) Announced

Posted On: 
Friday, January 15, 2021 - 3:37pm

The U.S. Small Business Administration, in consultation with the U.S. Treasury Department, will re-open the Paycheck Protection Program (PPP) loan portal to PPP-eligible lenders with $1 billion or less in assets for First and Second Draw applications on Friday, January 15, 2021 to Small Lenders on Friday, January 15, and to All Lenders on Tuesday, January 19.

The SBA will continue its emphasis on reaching smaller lenders and businesses by opening to approximately 5,000 more lenders, including community banks, credit unions, and farm credit institutions.

Contact your local SBDC office for more information and if you need assistance in completing the application forms.

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Funded in part through a Cooperative Agreement with the U.S. Small Business Administration and a Grant with the Governor’s Office of Business and Economic Development. All opinions, conclusions, and/or recommendations expressed herein are those of the author(s) and do not necessarily reflect the views of the SBA or the Governor’s Office of Business and Economic Development. Reasonable accommodations for persons with disabilities will be made if requested at least two weeks in advance. Contact the California SBDC closest to you.