The Paycheck Protection Program is once again providing small businesses with the resources needed to maintain their payroll, hire back employees who may have been laid off, and cover applicable overhead.
PPP loans from the round will be available to:
- Companies with fewer than 300 employees who have already used or will use the full amount of money granted to them in their initial round of PPP.
- Businesses, some nonprofit organizations, self-employed workers and independent contractors.
- Sole proprietors, independent contractors, and eligible self-employed individuals.
If your business received a PPP Loan through First Bank in the first round in 2020, you will receive an email from us when we are set to begin accepting applications (based upon SBA guidance).
You can find up-to-date details about the CARES program and it’s features on the US Treasury Website: https://home.treasury.gov/policy-issues/cares/assistance-for-small-businesses