The US Small Business Administration Paycheck Protection Program (SBA PPP) is currently ACCPETING NEW APPLICATIONS.  Currently new PPP applications are only being taken by Community Financial Institutions, Minority Deposit Institutions, Certified Development Companies, and Microloan intermediaries. Partners 1st is qualified SBA PPP loan resource

Even if you received a PPP loan in the spring of 2020 you may qualify for a second loan in 2021. 

In round one of the Paycheck Protection Program, Partners 1st was able to get SBA PPP Funding for every eligible small business applicant that submitted a complete application.  We are working diligently to ensure the same level of success for our members during this upcoming round of PPP.

THE US Small Business Administration is deviding applicants into TWO groups (Draws):

First Draw Applicants are businesses who have not previously received  PPP Loan.
If this is you... Click here to start your application.

Second Draw Applicants are businesses that DID receive a PPP Loan last year - Either through Partners 1st FCU or with another lender.
If this is you... Click here to start your application

Who is eligible?

  1. Small Business, nonprofit organizations, veteran’s organizations, Tribal business concerns, and small agricultural cooperatives that meet the SBA size standards.
  2. Sole Proprietors, self-employed individuals or independent contractors
  3. Certain small new organizations, destination marketing organizations, housing cooperatives, and 501 (C) (6) nonprofits may now be eligible.
  4. Employ no more than 300 employees
  5. Have used or have a plan to use the full amount of your first PPP loan.
  6. The Business must have at least a 25% reduction in revenues in at least one quarter in 2020 compared to the same quarter in 2019.

What can you use PPP loan funds for?

  1. Payroll cost, including benefits.
  2. Interest on mortgage obligation; rent, under lease agreement; utilities.
  3. NEW: Covered operations expense, Payment for any software, cloud computing, and other human resources and accounting needs.
  4. NEW: Covered Property damage costs due to public disturbances during 2020 not covered by insurance.
  5. NEW: Covered supplier costs. Expenditures to a supplier pursuant to a contract, purchase order, or order for goods in effect prior to taking out the loan that are essential to the recipients operation at the time the expenditure was made.  Supplier costs of perishable goods can be made before the life of the loan.
  6. NEW: Covered worker protection expenditure.  Personal protective equipment and adaptive investments to help comply with federal health and safety guidelines or any equivalent State and local guidelines related to Covid-19 during the period between March 1, 2020 and the end of the national emergency declaration.

How is your loan amount determined?

Your loan amount will be 250% (2.5 times your average monthly payroll.  Your monthly payroll includes wages, tips, group health, retirement benefits, and taxes with a limit of $2 million.  For companies that operate under NAICS code 72 which is generally restaurants and hotels, your loan amount will be 350% (3.5 times) your average monthly payroll with a limit of $2 million per location.

  • These highlights will apply to many borrowers, but there are some exceptions. For full program details, visit and

What information will you need to apply?

Please click here for a list of info you will need.

Are you interested in Applying for a Paycheck Protection Program Loan?

Please contact and we'll be happy to help.

We’re here to answer your questions.

Please click here for common questions & answers.