Assistance Listing 59.073
Paycheck Protection Loan Program (PPP)
SMALL BUSINESS ADMINISTRATION
Assistance Listing 59.073, “Paycheck Protection Loan Program (PPP),” is a federal program administered by SMALL BUSINESS ADMINISTRATION. It provides loan guarantee assistance. GrantsJunction currently tracks 0 open, 0 forecasted and 0 closed opportunities under this listing.
Program objective
The Paycheck Protection Program established by the CARES Act is implemented by the Small Business Administration with support from the Department of the Treasury. The effective period began March 27, 2020 through August 8, 2020. The Economic Aid to Hard-Hit Small Businesses, Nonprofits and Venues Act (Economic Aid Act) enacted on December 27, 2020, provided appropriations through May 31, 2021 or until funds are expended, for the PPP loan program. SBA reopened the Paycheck Protection Program (PPP) for First Draw Loans the week of January 11, 2021. First Draw PPP Loans can be used to help fund payroll costs, including benefits. Funds can also be used to pay for mortgage interest, rent, utilities, worker protection costs related to COVID-19, uninsured property damage costs caused by looting or vandalism during 2020, and certain supplier costs and expenses for operations. Additionally, The Paycheck Protection Program (PPP) now allows certain eligible borrowers that previously received a PPP loan to apply for a Second Draw PPP Loan with the same general loan terms as their First Draw PPP Loan. Second Draw PPP Loans can be used to help fund payroll costs, including benefits. Funds can also be used to pay for mortgage interest, rent, utilities, worker protection costs related to COVID-19, uninsured property damage costs caused by looting or vandalism during 2020, and certain supplier costs and expenses for operations Business Entities (partnerships, corporations, LLC), Sole Proprietors, independent Contractors, 501(c)(3) nonprofit organizations, 501(c)(6)Organization, 501(C) 19Veterans organizations, and Tribal businesses described in the Small Business Act, maybe eligible if they also meet program size standards and certain limitations.
As published in the SAM.gov Assistance Listing.
Current opportunities under 59.073
No open or forecasted opportunities are currently posted under this listing. Programs often post notices on an annual cycle — see recently closed opportunities below for timing.
Eligible applicants (program level)
- Small Business Person
Additional information is available on SBA's website at www.sba.gov
Intended beneficiaries: Small Business Person.
Program-level eligibility from SAM.gov. Each funding notice sets its own requirements.
Reported obligations by fiscal year
Historical data · not a predictionRange and average of financial assistance (from the listing): Additional information is available on SBA's website at https://www.sba.gov/funding-programs/loans/coronavirus-relief-options
Source: SAM.gov Assistance Listing 59.073. Hatched bars are agency estimates. These totals do not indicate approval rates.Frequently asked questions
What is ALN 59.073?
59.073 is the Assistance Listing Number for “Paycheck Protection Loan Program (PPP).” Assistance Listing Numbers (formerly CFDA numbers) identify federal assistance programs; individual grant opportunities reference the listing they are funded under.
Who can apply under ALN 59.073?
The SAM.gov listing names these applicant types: Small Business Person. Each funding notice under the program sets its own eligibility, so check the specific opportunity.