DC LOVES OUR LOCAL BUSINESSES
The pandemic is the biggest challenge we have faced as a city, yet we will come back from it better than before because we have stuck together. I call upon our entrepreneurs to take every opportunity to rise above this pandemic. The Paycheck Protection Program is one such opportunity, and it is critical as together we move from relief to recovery to growth.
- Mayor Muriel Bowser
Since the start of the pandemic, DC Government has provided over $150M in direct relief for DC small businesses. By comparison, DC businesses and organizations drew over $2 billion in Paycheck Protection Program forgivable loans in 2020. The impact of PPP for DC businesses and thereby employees is tremendous. That’s why we are so bullish on promoting PPP.
- John Falcicchio, Deputy Mayor for Planning and Economic Development
The CARES Act bill has made available $284 Billion Dollars for Small Businesses.
Loans are available for up to 3.5 times of your average monthly payroll during the year preceding the application.
Up to 100% of the loan principal of a PPP loan is potentially forgivable. Visit the SBA for more information.
Learn about PPP 1.0 and PPP 2.0 Qualifications and Changes to See if Your Business Qualifies.
Learn About What You'll Need to Apply for PPP Including Important Documents and Options.
Need Help with Your Application or Forgiveness? Connect with these Resources.
Get Questions to Most Frequently Asked Questions.
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