Let PFCU help you
Many small businesses and independent contractors may be eligible for a PPP loan. This can be your first PPP loan or if you have received a previous PPP loan you may qualify for a 2nd Draw. As defined in the first round of PPP loans, eligible small businesses may include:
- Sole proprietors, self-employed individuals or independent contractors.
- Small businesses, nonprofit organizations, veterans organizations, Tribal business concerns, and small agricultural cooperatives that meet the SBA size standards.
- New to the eligibility list: Certain news organizations, destination marketing organizations, housing cooperatives, and 501(c)(6) nonprofits may now also be eligible.
Get ready and be ready to apply
1st Time PPP Loan
If you have not previously received funds from the PPP program:
2nd Draw PPP Loan
If you have previously received a PPP loan and are now re-applying for new funds:
For more information:
“New Paycheck Protection Program Loans: What you need to know”
“Frequently asked Questions answered by the SBA”
The Paycheck Protection Program (PPP) loan is a type of SBA loan designed to provide funds to help small businesses impacted by COVID-19 to keep their workers on payroll.
