Keeping you informed on the Paycheck Protection Program

Important update: On February 22, the Biden-Harris administration announced that in order to provide equitable relief to hard-hit small businesses, the SBA will only accept Paycheck Protection Program (PPP) loan applications from businesses with fewer than 20 employees from Wednesday, February 24 through Tuesday, March 9. During this time, we will focus on processing applications for those qualifying small businesses.

All other applicants are welcome to complete the application through U.S. Bank; however, we will only be able to process the application to the point of SBA submission.

On December 27, the second round of stimulus legislation was signed into law. Under the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act, an additional $284.45 billion was provided in funding for the Paycheck Protection Program.

We are now accepting new applications through March 31 or until funds run out, whichever comes first.

Apply now

Here is the link: SBA Paycheck Protection Program | U.S. Bank

Jan Jones