Paycheck Protection Program

PLEASE NOTE

VCC is no longer accepting Paycheck Protection Program (PPP) loan applications. If you submitted an application on or before March 12th, it is still being processed. If you have a question about your existing loan application, please email SBA-PPP@vccva.org.

If you wish to apply for a PPP loan, you can use the Small Business Administration’s “Find Eligible PPP Lenders” tool to locate a lender near you.

What is PPP?

With the signing of the Coronavirus Aid, Relief, and Economic Security (CARES) Act into law, the Federal Government has been providing relief for individuals and businesses negatively impacted by the coronavirus outbreak. In late December, Congress passed an additional COVID-19 relief package including a second round of Paycheck Protection Program (PPP) funding.

Your organization may be eligible for PPP funding. This loan can assist in covering payroll for 8-24 weeks, as well as other overhead expenses. The Small Business Administration (SBA) may forgive these loans if used for eligible purposes. You can apply for a PPP loan until March 31, 2021. Resources, forms, and PPP lenders can be found on the SBA website.

 

We’re sharing stories about how Virginia businesses and nonprofits are using PPP funds received with the help of Virginia Community Capital. Learn more.