Who’s lending the money?Where do I I submit an application?
U.S. Small Business Administration (SBA
Financial institutions including banks, credit unions, CDFIs, online lenders, etc. The SBA guarantees the PPP loans made by these lenders.
Can I still apply?
The SBA announced last month that they are not taking new applications for businesses outside of the agricultural industry.
Yes, but only until June 30, 2020. That’s the nationwide deadline to have a PPP application approved.
Loan funds can be used for...
Almost any business purpose
Payroll, rent, utilities, mortgage interest expense