The SBA Paycheck Protection Program (PPP) is back to help businesses, and we’re here to support you through the process. This low-interest loan allows businesses to borrow up to two-and-a-half payroll costs, so you can keep the doors open and people working.
The program includes the Second Draw option for businesses that received a PPP loan last year.
Please review PPP loan program guides provided by the SBA for more details on eligibility and Second Draw PPP.
We are processing current Numerica business member applications on a first-come, first-served basis. Although we cannot guarantee all loans will be processed prior to federal funds running out, we will do everything we can to help support our business members.
Please note businesses may apply for this program through only one financial institution, as the SBA will deny all PPP loans for applicants who submit through multiple financial institutions.
PPP Loan Forgiveness
Don’t forget, businesses that received PPP loans in 2020 are able to apply for loan forgiveness, subject to applicable PPP rules and regulations.
We are here to help as you walk through the loan forgiveness process. Feel free to email us to get access to the secure loan portal and start your forgiveness application.
For general guidance, check out the PPP loan program guides posted online by the SBA.