Skip to main content

SBA News Release with Changes to the PPP

Please see attached news release with changes to the PPP, which includes:

  • Establish a 14-day, exclusive PPP loan application period for businesses and nonprofits with fewer than 20 employees.
  • Allows sole proprietors, independent contractors, and self-employed individuals to receive more financial support by revising the PPP’s funding formula for these categories of applicants.
  • Eliminates an exclusionary restriction on PPP access for small business owners with prior non-fraud felony convictions, consistent with a bipartisan congressional proposal.
  • Eliminates PPP access restrictions on small business owners who have struggled to make federal student loan payments by eliminating federal student loan debt delinquency and default as disqualifiers to participating in the PPP; and
  • Ensures access for non-citizen small business owners who are lawful U.S. residents by clarifying that they may use Individual Taxpayer Identification Number (ITIN) to apply for the PPP.

The 14-day exclusivity period will start on Wednesday, February 24, 2021 at 9 a.m. EST, while the other four changes will be implemented by the first week of March.

According to the latest PPP Weekly Report (Feb. 21, 2021), more than $489 million in PPP funds have been approved for Idaho small businesses since the program re-opened Jan. 11, 2021. Additional data on how the SBA is working to ensure fair and equitable access to its programs is covered in the SBA COVID Relief Program Report (Feb. 19, 2021).

Targeted EIDL Advance Mapping Tool

The Targeted EIDL Advance provides businesses located in low-income communities with additional funds to ensure small business continuity, adaptation, and resiliency. Applicants DO NOT need to take any action at this time. SBA will reach out to those who qualify.

To help applicants determine if they are located in a low-income community as defined in section 45D(e) of the Internal Revenue Code, a lookup tool is now available at Note that the business address must be located in a low-income community in order to qualify, so SBA encourages potential applicants to check the map to see if they meet the low-income community eligibility requirement before you apply.

Child Care Providers: How to Apply for the Paycheck Protection Program: A Workshop for Child Care Providers to Access Forgivable Loans

Childcare providers - both for profit and non-profit - are eligible for the Paycheck Protection Program (PPP), which provides loan opportunities for small businesses. Better yet, these loans are forgiven under certain circumstances. Don't miss this opportunity! Join a webinar this Thursday, February 25th from 8:00-9:30pm (MDT) specifically designed for childcare providers in Alaska, Idaho, Oregon and Washington. Register

Back to top