SBA Paycheck Protection Program - Second Wave of Funding
We want to provide the following important update regarding the SBA Paycheck Protection Program:
The House just passed bipartisan legislation to restart the Paycheck Protection Program and dedicate funding exclusively to community banks, sending it to President Trump to be signed into law. The bill authorizes an additional $310 billion in PPP funds with at least $60 billion set aside for loans made by community banks. Our understanding is that the SBA systems will go live shortly after President Trump signs the bill into law.
We are now accepting applications. An application form can be found by clicking HERE.
More detailed information regarding this program can be found on the SBA website.
Please contact a PriorityOne Bank lender near you for additional details regarding this loan program.