Paycheck Protection Program 2021
Local businesses are the fabric of our community. During these unprecedented times, we are here to help you take care of your employees, your customers and our community.
First Federal Lakewood wil begin to accept applications on January 19, 2021 for our current customers.
This loan program is available to businesses that received previous PPP loans (Second Draw) and to businesses who are applying for the first time (First Draw). The focus of this loan program is to help smaller businesses and includes restaurants, not-for-profit organizations and other types of businesses that weren’t eligible previously.
The criteria and applications are different for the second and first draw groups so please follow the instructions that matches your situation.
First Federal Lakewood will be using on an online portal to submit applications for this round. While we await the SBA to start accepting applications from banks on Tuesday January 19 ,2021, please use the document checklist below to gather all the information to apply easily.
- It is important to have all your documents complete when submitting your application. Please make sure to download our borrower checklist which details the needed documentation.
- Additional Information Provided by the SBA
Due to the new FAQ from the SBA released on 1/19/21
we are requesting all PPP Draw 2 applications submitted going forward include the applicants signature & date on the first page of their unaudited financial statements and their initials on all other pages attesting to the statements accuracy.
Our goal is to process your application as quickly as possible and get you the financial help you need.
For detailed information on SBA programs for the coronavirus, visit www.sba.gov/coronavirus and for information on all federal programs, visit www.usa.gov/coronavirus or www.gobierno.usa.gov/coronavirus (en Español).