On Monday, February 22, 2021 the Biden-Harris Administration and the Small Business Administration (SBA) announced the following changes to the SBA’s Paycheck Protection Program (PPP) to further promote equitable relief for America’s mom-and-pop businesses including those in Ojai:

  • From February 24 – March 10, 2021, the SBA will establish a 14-day Paycheck Protection Program (PPP) loan application period exclusively for businesses and nonprofits with fewer than 20 employees.
  • Sole proprietors, independent contractors and self-employed individuals will receive more financial support.
  • Non-citizen small business owners who have an Individual Taxpayer Identification Number (ITIN) are eligible to apply for PPP.
  • Small business owners with prior non-fraud felony convictions, consistent with a bipartisan congressional proposal are eligible to apply for PPP.
  • Small business owners who are impacted by federal student loan debt delinquency are eligible to apply for PPP.

Who can apply?

Eligible entities include businesses, certain non-profit organizations, housing cooperatives, veteran organizations, tribal businesses, self-employed individuals, sole proprietors, independent contractors, and small agricultural co-operatives, amongst others. To see if you are eligible to apply, please visit: https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/paycheck-protection-program/first-draw-ppp-loans

Need Assistance?

The Small Business Development Center serving Ventura County (EDC SBDC) is available to answer questions and help navigate today’s complex financial environments by calling 805.409.9159. Para Español 805.309.5874.