Paycheck Protection Program

What is it? The Paycheck Protection Program (PPP) is a program that provides eight weeks of cash-flow assistance to small businesses through 100 percent federally guaranteed loans to employers who maintain their payroll during the COVID-19 pandemic.

PPP is a forgivable loan. If the employer maintains its payroll, then the portion of the PPP loan used for covered payroll costs, interest on mortgage obligations, rent, and utilities would be forgiven, which would help workers to remain employed and affected small businesses and our economy to recover quickly from this crisis. This proposal would be retroactive to February 15, 2020 to help bring workers who may have already been laid off back onto payrolls.

    Resources from the SBA:

    The Paycheck Protection Program is specifically designed to help small businesses keep their workforce employed. Visit for more information.

    Federal Resources for U.S. Small Businesses
    This platform provides small businesses with access to a consolidation of COVID-19 related information and resources from multiple federal agencies. This site is developed through a partnership between the Association of Women Business Center and America’s SBDC and is supported by the U.S. Small Business Administration (SBA) under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Visit for more information. 

    Resources from Treasury:

    Resources on the Paycheck Protection Program from the Treasury can be found on the Assistance for Small Businesses page. Visit for more information on SBA’s assistance to small businesses.

    Small businesses and eligible nonprofit organizations, Veterans organizations, and Tribal businesses described in the Small Business Act, as well as individuals who are self-employed or are independent contractors, are eligible if they also meet program size standard.

    Program Overview

    For Borrowers

    For Lenders

    Program Rules

    Paycheck Protection Program Heat Maps
    The following heat maps are based on the SBA Paycheck Protection Program Report published 6/22/20.