Get Started with the Paycheck Protection Program
Goldman Sachs 10,000 Small Businesses is an investment to help entrepreneurs create jobs and economic opportunity by providing greater access to education, capital and business support services. To date, more than 10,000 business owners have graduated from the program across all 50 states in the US, Puerto Rico and Washington, D.C. The program gets capital in the hands of small businesses through lending partnerships with Community Development Financial Institutions (“CDFls”) and other mission-driven lenders, who have long track records of reaching small businesses often underserved by the traditional banking system.
Goldman Sachs 10,000 Small Businesses is partnering with Community Reinvestment Fund, USA (CRF) to provide Paycheck Protection Program (PPP) loans to small businesses.
CRF is a mission-driven, national nonprofit lender committed to helping organizations access responsible, sustainable capital.
If you did not receive a PPP loan in 2020, you can apply for a First Draw PPP loan this round. If you already received a PPP loan, you may be eligible for a second PPP loan called a “Second Draw”.
All loans subject to credit approval and final guidance from the SBA on the Paycheck Protection Program. Funds are limited and subject to availability.
The information provided is solely for general knowledge and does not provide any professional advice regarding tax, accounting, legal, financial, or any other professional service. PPP borrowers should contact their professional service providers for a complete understanding of the PPP program requirements and forgiveness processes.
SBA regulations regarding the PPP program are subject to further limitations and changes. Borrowers must follow current regulations and processes based on SBA guidelines. All characteristics described above are from the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act (Economic Aid Act), and/or the Coronavirus Response and Relief Supplemental Appropriations Act. The terms and information outlined above are subject to change upon further rulemaking or guidance from the U.S. Small Business Administration and the U.S. government.