SBA Paycheck Protection Program

PPP Loan Funds have been depleted

The Small Business Administration (SBA) has announced that Paycheck Protection Program funds have been exhausted and they are no longer taking new applications from banks.

Additional Relief Programs from the SBA

The SBA is offering additional programs, funded by the American Rescue Plan Act, passed into law on March 11, 2021.

The Shuttered Venue Operators Grant (SVOG) application portal is available for operators of live venues, live performing arts organizations, museums and movie theatres, as well as live venue promoters, theatrical producers and talent representatives to apply for critical economic relief.

For more information, please review the SVOG FAQ document.

The Restaurant Revitalization Fund (RRF) program awards funds to bars, restaurants, and similar places of business that serve food or drink that suffered revenue losses related to the COVID-19 pandemic.

Registration and the application portal for the program opened on Monday, May 3rd. Please visit the SBA Website to learn more about RRF eligibility and other details.

The Economic Injury Disaster Loan program (EIDL) is also available through the SBA to eligible borrowers. EIDL funds are available to small business owners and qualified agricultural businesses. Click here to get more information and apply.

Visit here for information on PPP Loan Forgiveness.