PPP Loan Update

The Small Business Administration (SBA), in partnership with the US Treasury, opened the preliminary Payroll Protection Program (PPP) application portal on Monday, January 11. This preliminary portal is focused on select minority and disadvantaged business institutions that serve clients seeking a “first-draw” PPP loan. We are awaiting further instructions for individual first-draw and second-draw PPP loan applicants. To get a head start preparing, please consider participating in one or more training webinars offered by the Washington State Business Development Center (WSBDC):

For more background information on the next round of PPP lending, check out the Washington State Department of Commerce: http://startup.choosewashingtonstate.com/links/crisis/covid-19-resources/ppp-summary-round2/