Media Center News

The US Small Business Administration has reopened the federal Paycheck Protection Program

January 13, 2021
Attention all businesses, the US Small Business Administration has reopened the federal Paycheck Protection Program — the forgivable loan to help businesses survive during COVID. Applications must be submitted to a bank or other lender, not directly to the SBA. Previous recipients are eligible for a second loan. While lenders have not yet received all guidelines for the program, we suggest you contact your bank immediately if you are interested in applying.
For more information on this round of the program, see SBA’s website: https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/paycheck-protection-program-0
and this recorded presentation by the Roanoke Regional Small Business Development Center: https://www.youtube.com/watch?v=BVOjM6uwBg8&feature=youtu.be with accompanying presentation slides: PPP2 Presentation Slides