The PPP Portal Opens! Application Link is Here!

By Kathy Bazan, BRC Consultant

Since discussions began last year on re-funding the very popular Paycheck Protection Program (PPP), small business owners have eagerly been awaiting a new round of PPP financing. And, like last year, to apply for the PPP, your financial institution sends your application for you to the Small Business Administration (SBA) so it’s a partnership between you, your bank or credit union, and the SBA. (Translation: you can’t apply directly to the SBA.)

And the good news is that there are actually two PPP programs!

PPP 1.0: If you did NOT get a PPP Loan last year, you can apply now through a local (community) bank or credit union which has less than $1B in assets. That portal opened on Monday, Jan. 11. You will need this form:

Form 2483 – Paycheck Protection Program Borrower Application Form

PPP 2.0: If you received a PPP Loan last year, you can apply for another PPP starting Wednesday, January 13 at a community bank or credit union. You will need this form:

Form 2483-SD – PPP Second Draw Borrower Application Form

If you wish to apply through a larger bank, that portal will open later. The Small Business Administration intentionally offered the ability to accept loan applications to smaller banks in the hope of strengthening both community financial institutions and local mom-and-pop small businesses which often bank with these smaller institutions.

If you have questions, send me an e-mail at

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