SBA Paycheck Protection Program (PPP)

Eliminating barriers to accessing the Paycheck Protection Program

The SBA Paycheck Protection Program (PPP) provides eligible businesses with access to low interest and partially to fully forgivable loans with no personal guarantee or collateral required. Eligible small businesses and nonprofits can use these funds to help pay business payroll, utilities, and other operating expenses during the COVID-19 pandemic. When the Paycheck Protection Program was first launched, many businesses – particularly those owned by people of color – found themselves unable to access the application process. We are dedicated to helping underrepresented and under-resourced small businesses access resources to keep their workforce employed and navigate COVID-19.

Partnerships to Access PPP

Bridgeway is not an SBA Lender that is eligible to process PPP loan applications. We have set up partnerships to help Bridgeway clients, businesses owned by people of color, and small businesses applying for the first time access the PPP application process. We are working with another CDFI, the Community Reinvestment Fund (CRF) to connect small businesses to the PPP loan application portal and provide application assistance in partnership with Paramount Pursuits. In collaboration with our partners, Bridgeway can help you navigate the PPP application process so you can submit your loan request with confidence.

PPP Extended

The SBA is currently offering PPP loans until May 31, 2021. President Biden announced program changes to make access to PPP loans more equitable. The extension and changes have made PPP accessible to even more small businesses. We can help answer any questions about PPP or eligibility. please connect with us at connect@bridgewaycapital.org or 412-201-2450.

PPP Applications with Bridgeway + CRF Due 4/30/21

To give time to fully process requests businesses have until 4/30/21 to submit their PPP loan request through the Bridgeway + CRF portal. The portal will no longer be accepting new PPP loan application requests after 4/30/21.