• 39,638,366
    Dollars Recovered for NY-18
  • 409
    Medals & Awards Returned to Vets
  • 9,404
    Constituent Cases Closed
  • 41
    Bills Signed Into Law

IMPORTANT: COVID-19 Information for Small Business Owners


NEW: In late December, Congress authorized additional funding for Small Business Administration Programs, including the Paycheck Protection Program (PPP) and Economic Injury Disaster Loan (EIDL) Grant Program. 

With $284 billion in new funding, eligible hard-hit businesses will be allowed to apply for a second PPP loan, as well as EIDL grants.  

The PPP will now better support nonprofits, independent restaurants, live-venue operators, local newspapers, TV and radio broadcasters. 

Additionally, dedicated PPP funds will help very small businesses through community-based lenders like Community Development Financial Institutions (CDFIs) and Minority Depository Institutions (MDIs). 

Quick Links

Paycheck Protection Program (PPP) Online Portal
(Note: this will open on January 11, 2021 for first-time PPP applications, and January 13, 2021 for second round PPP applications)




When will this program reopen?

  • On Monday, January 11, 2020, the program will reopen to small businesses who have not already obtained a PPP loan. 

  • On Wednesday, January 13, the program will reopen for small businesses who have drawn a PPP loan in the first iteration of the program. 

How has the PPP been updated?

Key PPP updates include:

  • PPP borrowers can set their PPP loan’s covered period to be any length between 8 and 24 weeks to best meet their business needs;

  • PPP loans will cover additional expenses, including operations expenditures, property damage costs, supplier costs, and worker protection expenditures;

  • The Program’s eligibility is expanded to include 501(c)(6)s, housing cooperatives, direct marketing organizations, among other types of organizations;

  • The PPP provides greater flexibility for seasonal employees;

  • Certain existing PPP borrowers can request to modify their First Draw PPP Loan amount; and

  • Certain existing PPP borrowers are now eligible to apply for a Second Draw PPP Loan. 

Am I eligible for a Second Draw PPP Loan?

A borrower is generally eligible for a Second Draw PPP Loan if the borrower:

  • Previously received a First Draw PPP Loan and will or has used the full amount only for authorized uses;

  • Has no more than 300 employees; and

  • Can demonstrate at least a 25% reduction in gross receipts between comparable quarters in 2019 and 2020. 

How can I apply for a Second Draw PPP Loan?

  • Borrowers can apply for a Second Draw PPP Loan until March 31, 2021, through any existing SBA 7(a) lender or through any federally insured depository institution, federally insured credit union, eligible non-bank lender, or Farm Credit System institution that is participating in PPP. 

  • All Second Draw PPP Loans will have the same terms regardless of lender or borrower. A list of participating lenders as well as additional information and full terms can be found here.

What’s the Maximum Amount for a Second Draw PPP Loan?

  • For most borrowers, the maximum loan amount of a Second Draw PPP Loan is 2.5x average monthly 2019 or 2020 payroll costs up to $2 million. 

  • For borrowers in the Accommodation and Food Services sector, the maximum loan amount for a Second Draw PPP Loan is 3.5x average monthly 2019 or 2020 payroll costs up to $2 million.

What is an Economic Injury Disaster Loan (EIDL)?

Economic Injury Disaster Loans (EIDL) and EIDL Advances can be used to pay debts, payroll costs, accounts payable, or other costs incurred during the COVID-19 pandemic. 

  • Small business applicants can request an EIDL Advance up to $10,000 - $1,000 per employee, up to 10 employees - through the EIDL application. 

  • The EIDL Advance won’t need to be repaid, and small businesses may still be granted an EIDL Advance even if they aren’t approved for a loan.

  • The SBA is continuing to process existing EIDL applications.

  • Eligible small businesses and agricultural businesses may apply for Economic Injury Disaster Loans HERE


If you are a small business owner in New York’s 18th Congressional District who needs assistance with your PPP or EIDL application, please contact Rep. Maloney’s office: 845-561-1259.