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).

As of May 5th, 2021,  the SBA is no longer accepting applications for Second Round Paycheck Protection Program loans from traditional financial institutions such as Allegacy.   These loans are still being offered through May 31st (or until funds are exhausted) through designated participating community financial institutions.  Click here to find an eligible participating lender on the SBA’s website.

If you have any questions on an existing Second Round PPP loan application, please contact us at ppploans@allegacy.org.

PPP Loan Forgiveness:

All First Round 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.

For Second Round PPP Loan Forgiveness, stay tuned for more information or contact us with questions in the meantime at ppploans@allegacy.org.

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

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