The U.S. Small Business Administration, in consultation with the U.S. Treasury Department, will re-open the Paycheck Protection Program (PPP) loan portal. 

First Draw PPP Loans are for those borrowers who have not received a PPP loan before August 8, 2020. The first round of the PPP, which ran from March to August 2020, was a historic success helping 5.2 million small businesses keep 51 million American workers employed.  

Second Draw PPP Loans are for eligible small businesses with 300 employees or less, that previously received a First Draw PPP Loan and will use or have used the full amount only for authorized uses, and that can demonstrate at least a 25% reduction in gross receipts between comparable quarters in 2019 and 2020. The maximum amount of a Second Draw PPP loan is $2 million. 

Join SBA Fresno this FRIDAY - Jan 29 @ 11am for a webinar to discuss the PPP and get your questions answered!!  NO REGISTRATION IS REQUIRED for this event.

JOIN HERE: https://teams.microsoft.com/dl/launcher/launcher.html?url=%2F_%23%2Fl%2Fmeetup-join%2F19%3Ameeting_NWRiMjkxYjctYTgwYS00N2Q1LTgyNzQtOTYxMTA5Y2RhZWU0%40thread.v2%2F0%3Fcontext%3D%257B%2522Tid%2522%253A%25223c89fd8a-7f68-4667-aa15-41ebf2208961%2522%252C%2522Oid%2522%253A%25224521726f-7a66-4502-96de-ef3ab88d600e%2522%252C%2522IsBroadcastMeeting%2522%253Atrue%257D%26utm_medium%3Demail%26utm_source%3Dgovdelivery%26anon%3Dtrue&type=meetup-join&deeplinkId=b2cd2b5d-a830-40e7-97c4-d3d624eb2300&directDl=true&msLaunch=true&enableMobilePage=true&suppressPrompt=true