Paycheck Protection Program


Visit our online PPP application to apply now! 

Is Your Small Business Eligible for the Program?

To qualify for a PPP loan, your business needs to meet the following criteria:

  • Your business was in operation as of February 15, 2020.
  • You have 500 or fewer employees. 
  • You’re an independent contractor, sole proprietor, self-employed individual, or business partner (though only one PPP application can be submitted per partnership).
  • You have employees for whom you paid salaries and payroll taxes are reported on Form 1099-MISC. This also applies for paid independent contractors.

And certify that: 

  • Economic uncertainty makes your loan request necessary.
  • You will use the funds to retain workers, maintain payroll, and/or make payments on mortgages, leases, and utilities.
  • You do not have a current PPP loan or EIDL application for the same purpose (over the same period).
  • From February 15, 2020–December 31, 2020, you did not receive a PPP loan or EIDL for the same purpose (over the same period).

If you are applying for a second draw

  • Your business has fewer than 300 employees
  • You can show a 25% revenue reduction during the first, second, or third quarter of 2020 relative to the same quarter in 2019

If you own a restaurant, hotel, or live venue that falls under a NAICS code starting with “72,” you can apply for 3.5 times your monthly payroll costs for your Second Draw.


How Can You Use Your Paycheck Protection Program Loan?

  • Payroll costs
  • Healthcare costs related to the continuation of group healthcare benefits during periods of sick, medical, or family leave, as well as insurance premiums.
  • Mortgage interest payments (but not prepayment or payment of the mortgage principal)
  • Rent
  • Utilities
  • Interest on any other debt obligations incurred before February 15, 2020
  • Refinancing an SBA EIDL received between January 31, 2020 and April 3, 2020
  • Covered expenditures such as business software or cloud computing services that facilitate:
    • business operations
    • product or service delivery
    • the processing, payment or tracking or payroll expenses, human resources, sales, and billing functions
    • accounting or tracking of supplies, inventory, records, or expenses
  • Covered property damage costs
  • Covered supplier costs
  • Covered worker protection expenditures