SBA establishes PPP loan application period for small businesses and nonprofits

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Local small businesses and nonprofits with fewer than 20 employees can avail of an exclusive Paycheck Protection Program (PPP) loan application period from February 24, 2021 to March 10, 2021.

“Our small businesses were among the most affected by this pandemic, and we welcome any policy or initiative that gives these business owners additional assistance. My Administration will continue to do whatever we can to support our entrepreneurs, and I encourage all qualified small business owners and nonprofits to apply,” said Governor Lou Leon Guerrero.

“In addition to this loan application period, the Biden-Harris Administration will be making more changes to the PPP program to allow for more underserved small businesses to qualify. Once these changes are implemented, Governor Leon Guerrero and I will work with SBA and our community partners to deliver these funds to those who need it the most,” added Lt. Governor Josh Tenorio.

Larger PPP-eligible businesses may still apply for and receive support before the program expires on March 31, 2021.

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