SBA Paycheck Protection Program (PPP) Loan Information - 2021
FirstLight understands that these are very challenging times and we want to make your application process for a PPP loan as simple as possible.
The Small Business Administration (SBA) Paycheck Protection Program (PPP) loans are an integral part of the CARES Act. According to the SBA, a PPP “loan is designed to provide a direct incentive for small businesses to keep their workers on the payroll.” SBA will forgive PPP loans if all employees are kept on the payroll for eight weeks and the money is used for payroll, rent, mortgage interest, or utilities. For more details click here.
FirstLight will now be taking applications for PPP loans for current FirstLight business members only. Below we have provided details and more information on how to apply whether this is your first time applying or your second time. Eligibility and loan forgiveness measures apply.
PPP Loan First Time Applicant information includes: click here for full details.
PPP Loan Second Time Applicant information includes: click here for full details.
Ready to Apply?
FirstLight business members can apply for a First Draw PPP Loan until March 31, 2021. If this is your first time applying for a Paycheck Protection Program Loan, please use the following application form; First Draw Borrower Application Form.
FirstLight business members can apply for a Second Draw PPP Loan until March 31, 2021. If this is your second time applying for a Paycheck Protection Program Loan, please use the following application form; Second Draw Borrower Application Form.
If you have any questions, a FirstLight Business Services staff member can help you complete the loan process for the SBA Paycheck Protection Program (PPP). You can reach a FirstLight Business Service Representative by calling our call center at 915-562-1172.
