Paycheck Protection Program for Anchorage businesses

The Paycheck Protection Program (PPP) is a Small Business Administration-backed loan that helps businesses keep their workforce employed during the COVID-19 crisis. On March 30, the Paycheck Protection Program was extended to May 30, 2021. This extension also gives the SBA through June 30, 2021 to process lender applications.

First Draw

If you have not received a PPP loan before, First Draw PPP Loans may be available to you.

Second Draw

If you have previously received a PPP loan, you may be eligible for a Second Draw PPP Loan.

A borrower can apply for forgiveness once all loan proceeds for which the borrower is requesting forgiveness have been used. Borrowers can apply for forgiveness any time up to the maturity date of the loan.

Feeling overwhelmed? Not sure where to start? The Alaska Small Business Development Center is offering an on-demand application walk through course. This step-by-step video takes businesses through the process of completing their PPP application.

The Alaska Small Business Development Center also offers Coronavirus opportunity briefings for small businesses every Tuesday.

Find a local lender

Curious as to how coronavirus relief money has been spent? The Pandemic Oversight Accountability Committee website provides an overview of spending and includes a map feature so you can search by state, city and neighborhood.
The SBA is providing materials in languages other than English to help business owners recover. Access information in additional languages here.
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