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Roanoke News

Posted on: January 12, 2021

Federal Paycheck Protection Program Reopens

Attention all businesses, the U.S. Small Business Administration has reopened the federal Paycheck Protection Program, the forgivable loan to help businesses survive during COVID-19. Applications must be submitted to a bank or other lender, not directly to the SBA. Previous recipients are eligible for a second loan. While lenders have not yet received all guidelines for the program, those interested in applying should contact their bank immediately.

For more information on this round of the program, see the SBA's website and this recorded presentation by the Roanoke Regional Small Business Development Center, with accompanying presentation slides: PPP2 Presentation Slides.  You may contact the Roanoke Regional Small Business Development Center at or call 703-277-7703.


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