At Popular, we have helped thousands of businesses to continue operating in these difficult times, and we reaffirm our commitment to support you. Here you will find updated information about the new draw of the Paycheck Protection Program (PPP or Program). If you already have a PPP loan you can learn the details about the forgiveness process.

Important notice!
Latest update – February 23, 2021

The SBA announced that, starting on February 24 through March 9, 2021, they will be opening an exclusive period to accept PPP applications from small businesses that have 19 or fewer employees.

If your business has 20 or more employees, we will continue to receive applications through the digital platform and, if it meets the requirements, the application will be sent to the SBA for evaluation after March 9, 2021. Applications submitted for SBA evaluation prior to February 24 will continue their evaluation process.

If you have not started your application process, remember that at Popular, we will be receiving applications for eligible businesses until March 29, 2021 at 5:00 pm, as long as the funds authorized under the Economic Aid Act are available.