Paycheck Protection Program
Important Notice - PPP applications now accepted through May 26, 2021
Who Can Apply
Available to small businesses with 300 or fewer employees—including nonprofits, veterans organizations, tribal concerns, self-employed individuals, sole proprietorships, and independent contractors are eligible.
When to Apply
We will begin accepting First Draw and Second Draw PPP Loan applications on Tuesday, January 19, 2021. We will accept applications through Wednesday, May 26, 2021.
First Draw PPP Loans
- SBA First Draw Borrower Application [PDF 497 KB]
- SBA First Draw Schedule C Borrower Application [PDF 471 KB]
- Great Southern Borrower Checklist for First Draw PPP Loans [PDF 149 KB]
- FAQ First Draw Loans [PDF 230 KB]
Second Draw PPP Loans
- 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.
- SBA Second Draw Borrower Application [PDF 577 KB]
- SBA Second Draw Schedule C Borrower Application [PDF 550 KB]
- Great Southern Borrower Checklist for Second Draw PPP Loans [PDF 183 KB]
- FAQ Second Draw Loans [PDF 307 KB]
- If you have applied for forgiveness before December 27, 2020, there is no other action needed, unless an equity owner of the Business is a Covered Individual, defined as a member of Congress, the President, Vice President, head of a US Executive Department, or a spouse of any of the preceding people. If this applies to your situation and you have previously applied for forgiveness, you will need to submit the PPP - Borrower's Disclosure of Certain Controlling Interests to us immediately.
- For those who have not previously applied for forgiveness, the forgiveness application forms have changed. For many borrowers with loans less than $150,000, the process is done through a simplified form, which we will provide to you.
- Forgiveness Interim Final Rule (IFR) [PDF 446 KB]
- PPP - Borrower's Disclosure of Certain Controlling Interests [PDF 186KB]
Directly through the Small Business Administration, small businesses may apply for assistance through the Economic Injury Disaster Loan (EIDL), Shuttered Venue Operators Grant (SVOG), or Restaurant Revitalization Grants programs. Visit www.SBA.gov for more information on these programs administered through the Small Business Administration.