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A special application window for nonprofits with fewer than 20 employees

ByIECC Nonprofits

A special application window for nonprofits with fewer than 20 employees
PPP round 2

For a two-week period, the Small Business Administration and Paycheck Protection Program lenders will process loan applications ONLY from nonprofits and for-profit businesses with fewer than 20 employees.

Special Application Window:
Wednesday, February 24, through Tuesday, March 9

Why? To provide more equitable relief by “targeting the PPP to the smallest businesses (and nonprofits!) and those that have been left behind in previous relief efforts,” and to ensure that lenders give smaller employers the attention they need to work their way through the application process.

If you think your nonprofit may be eligible for an initial PPP loan or a second draw loan – and your organization has fewer than 20 employees – NOW is the best time to contact a lender and find out how much relief may be available to you.

Need help? Get assistance from your local SBA office.

Find Eligible PPP Lenders
Find local SBA assistance

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