SBA Paycheck Protection Program (PPP)
Please note: The U.S. Small Business Administration has announced that funding for the federal Paycheck Protection Program has been exhausted. The SBA will continue funding outstanding approved PPP applications, but new qualifying applications will only be funded through Community Financial Institutions, which are financial lenders that serve underserved communities. The SBA is also committed to delivering economic aid through the many COVID relief programs it is currently administering.
For more information about Community Financial Institutions, please visit:
Per the federal Economic Aid Act, a Community Financial Institution is one of four types of lenders:
- Community Financial Development Institution
- Minority Depository Institution
- Community Development Corporation
- Microlender Intermediary