CORRECTION: Paycheck Protection Program Application Link Updated by U.S. Treasury

The application for borrowers can now be found here.

The Payroll Protection Program goes live April 3, 2020.

The Paycheck Protection Program is designed to provide a direct incentive for small businesses to keep their workers on payroll by providing each small business a loan up to $10 million for payroll and certain other expenses.

If all employees are kept on payroll for eight weeks, SBA will forgive the portion of the loans used for payroll, rent, mortgage interest, or utilities. Up to 100 percent of the loan is forgivable. Small businesses and eligible nonprofit organizations, Veterans organizations, and Tribal businesses described in the Small Business Act, as well as individuals who are self-employed or are independent contractors, are eligible if they also meet program size standards. For a top-line overview of the program, click here.

Please note that is processed through your local SBA lender. We recommend checking with your current financial institution first.