Dear San Diego Business Owner:
We are writing you to make sure that you are aware of the latest resources available to provide economic support and relief amid the COVID-19 pandemic.
On Tuesday, the Small Business Administration (SBA) announced that Paycheck Protection Program (PPP) loans will be available exclusively to businesses and nonprofits with 20 or fewer employees from Wednesday, Feb. 24, through Wednesday, March 10. Learn More
This is an effort to get economic relief to the nation's smallest businesses.
The 14-day exclusive application period will give lenders and community partners more time to work with the smallest businesses to submit their applications, while also ensuring that larger PPP-eligible businesses will still have plenty of time to apply for and receive support before the program expires on March 31, 2021.