Paycheck Protection Program (PPP) Application Update

January 11, 2021

The U.S. Small Business Administration and the Treasury Department, announced that the Paycheck Protection Program (PPP) will re-open Monday, January 11th for first-time borrowers, and Wednesday, January 13th for second-time borrowers.

Please note, that initially, only community financial institutions will be able to take applications for these PPP Loans.

We will update our website as soon as these PPP applications are open to Embassy Bank clients, which we understand should be shortly after January 13th.

This third round of the PPP authorizes up to $284 billion towards job retention and other authorized expenses through March 31, 2021, or until the new funding is exhausted. This also allows certain existing PPP borrowers to apply for a second draw PPP Loan.

We encourage our interested business banking clients to visit the treasury website to review the program details before applying.

Stay healthy,

David M. Lobach, Jr.
Chairman, President and CEO
Embassy Bank for the Lehigh Valley

To Learn More:

Please visit our Third Round of the Paycheck Protection Program details page.

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