Paycheck Protection Program (PPP)

Second Round PPP Loans

The Paycheck Protection Program provides 100% federally guaranteed loans to small businesses through the Small Business Administration (SBA).

The SBA has designated now through March 9th, 2021 as an exclusive period for businesses and non-profits with fewer than 20 employees to apply for Paycheck Protection Program (PPP) funding.  All other applications have been suspended until after this time.  More PPP regulation changes are expected to be announced by the SBA shortly.  Please consult the SBA’s website for more information.
As of January 19th, 2021 Allegacy began accepting applications for the second round of Paycheck Protection Program (PPP) loans. For existing Allegacy PPP Borrowers, you should have recently received an email with further instructions and a link to apply electronically. If you have not received this, please e-mail us at ppploans@allegacy.org.

First-time PPP Applicants:

For those existing Members (that opened their Membership prior to 1/11/21 ) who wish to apply for their first PPP loan, please e-mail the following to ppploans@allegacy.org:

  1. Member Name
  2. Allegacy Member Number
  3. Business Name
  4. Business Start Date

Once we receive this information and are ready to begin accepting applications, we will email you the link and additional information needed to apply.

First Round PPP Loan Forgiveness:

Existing Allegacy PPP borrowers should have received an email from ppploans@allegacy.org providing details on Allegacy’s loan forgiveness process and a link to apply. If you have not received this, please email us at this address.

Please consult the SBA’s website for more information on Coronavirus resources for small businesses, including Loan Forgiveness FAQs.

Explore

other lending options

Business Lending