Frequently Asked Questions

• When can I apply?
  • Starting April 3, 2020, small businesses and sole proprietorships can apply for and receive loans to cover their payroll and other certain expenses through existing SBA lenders. 
  • Starting April 10, 2020, independent contractors and self-employed individuals can apply for and receive loans to cover their payroll and other certain expenses through existing SBA lenders.
• Who can apply?

  All businesses - including nonprofits, veterans organizations, Tribal business concerns, sole proprietorships, self-employed individuals, and independent contractors - with 500 or fewer employees can apply. Businesses in certain industries can have more than 500 employees if they meet applicable SBA employee-based size standards for those industries. 

• What do I need to apply?

  You will need to complete the Paycheck Protection Program loan application and submit the application with the required documentation to us by June 30, 2020.

• What other documents will I need to include in my application?

  You will need to provide payroll documentation. 

• Do I need to first look for other funds before applying to this program?

  No. The usual SBA requirement that you try to obtain some or all of the loan funds from other sources has been waived.