Paycheck Protection program reopens

New and second-round funding authorized for hardest-hit small businesses

KINGSTON, N.Y. » The Small Business Administration reopened the Paycheck Protection Program this week for new and certain existing borrowers.

Congress’s bipartisan COVID-19 relief legislation included $284 billion in additional Paycheck Protection Program (PPP) funding, as well as U.S. Rep. Antonio Delgado’s provision allowing the hardest-hit small businesses to apply for new and second-round forgivable loans, according to a press release from the congressman’s office.

Business owners who are looking for more information on the program or who have questions on how to apply should visit the Small Business Administration website at https:// bit.ly/3bysDRq. Businesses can find contact information for local Small Business Administration representatives online at https:// bit.ly/3nBBWCn.

“The Paycheck Protection Program has helped over 9,100 small businesses in New York’s 19th Congressional District keep the lights on and retain 73,000 employees,” Delgado, D-Rhinebeck, said in a statement. “After conversations with NY-19 residents, I introduced legislation to authorize new and second-round PPP funding to the hardesthit small businesses. I am proud that my bill was included in Congress’s recent bipartisan COVID-19 relief package and is now helping provide critical funds to small businesses across our district. I encourage business owners who need support to apply for PPP funding as soon as possible.”

Delgado’s legislation, the Prioritized Paycheck Protection Program Act, would allow smaller businesses to receive new and second-round forgivable PPP loans and builds on his Small Business Repayment Relief Act, which was signed into law as part of the bipartisan CARES Act, the release said.