PPP Loans Still Available
for Businesses and Nonprofits of Fewer Than 20 Employees
Posted on: February 22nd, 2021
SBA Prioritizes Smallest of Small Businesses in the Paycheck Protection Program
Taking Steps to Promote Equitable Relief for Mom-and-Pop Businesses
Updated 3/10/21 – Businesses with fewer than 20 employees can still apply for a PPP loan through March 31. 2021
A critical goal from Congress for the latest round of PPP was to reach small and low- to moderate-income (LMI) businesses who have not received the needed relief a forgivable PPP loan provides.
Although the 2-week exclusivity period has ended, all that means is that larger businesses are able to resume submitting applications for a PPP loan along with small mom and pop businesses of fewer than 20 employees. To learn more, visit www.sba.gov