search GOVERNMENT RESIDENTS BUSINESS VISITORS DEPARTMENTS I WANT TO PAYCHECK PROTECTION PROGRAM LOANS Paycheck Protection Program Loans The U.S. Small Business Administration, in consultation with the U.S. Treasury Department, will re-open the Paycheck Protection Program (PPP) loan portal to PPP-eligible lenders with $1 billion or less in assets for First and Second Draw applications on Friday, January 15, 2021 at 9 am ET. The portal will fully open on Tuesday, January 19, 2021 to all participating PPP lenders to submit First and Second Draw loan applications to SBA. First Draw PPP Loans are for those borrowers who have not received a PPP loan before August 8, 2020. The first round of the PPP, which ran from March to August 2020, was a historic success helping 5.2 million small businesses keep 51 million American workers employed. Second Draw PPP Loans are for eligible small businesses with 300 employees or less, that previously received a First Draw PPP Loan and will use or have used the full amount only for authorized uses, and that can demonstrate at least a 25% reduction in gross receipts between comparable quarters in 2019 and 2020. The maximum amount of a Second Draw PPP loan is $2 million. Updated PPP Lender forms, guidance, and resources are available via the following sites: www.sba.gov/ppp www.treasury.gov/cares Find A Lender Get matched with a lender Search for lenders in your area For Technical Assistance Tania Villa tvilla@ephcc.org Victoria Garcia Munoz vgarcia@ephcc.org You may also call 915-566-4066 or visit www.ephcc.org. Departments Residents Business Visitors Meetings Online Services Contact Us Accessibility Disclaimer Link Policy Privacy Policy Security Policy Webmail © 2020 City of El Paso El Paso City Hall 300 N. Campbell El Paso, Texas 79901 (915) 212-0000 or 3-1-1 Operational Hours Mon-Fri | 8:00 a.m. to 5:00 p.m.