SBA Paycheck Protection Program. Keeping you informed on the Paycheck Protection Program. We have been humbled to partner with nearly 101,000 businesses, totaling more than $7.3 billion with the potential to impact more than 910,000 workers across all 50 states and the District of Columbia who are feeling the effects of the economic impact of the COVID-19 pandemic. An SBA loan that helps businesses keep their workforce employed during the Coronavirus (COVID-19) crisis. All you need to do is apply and pay the loan back when your next paycheck arrives. Usually within 30 days. Applying for one of our loans couldn't be easier. Just click on any of the application form buttons around the site and you'll be presented with our online application form. The federal Paycheck Protection Program was created as part of the Coronavirus Aid, Relief and Economic Security (CARES) Act to help businesses cover payroll and other expenses while they’re. The PPP loan program restarted, following the appropriation of new funding on Friday, April 24, 2020. PPP loans are available for the lesser of $10 million or 2.5 times your average monthly payroll. Paycheck Protection Program loans are federally backed and offer up to $10,000,000 in COVID-19 relief funding. Apply online with Credibly. Small businesses and sole proprietorships can apply for Small Business Administration loans under the Paycheck Protection Program beginning Friday, April 3, 2020, through existing Small Business Administration lenders. Independent contractors and self-employed individuals will be able to apply for loans beginning Friday, April 10, 2020. Currently, the application is available here.