Banks Now Accepting Applications for PPP Loans

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Charlie Breitrose

A lot of money was raised and spent on the 2015 Watertown Election.

Businesses can now apply for federal Paycheck Protection Program (PPP) loans. Applications can be sent to banks.

The loans can be forgiven if 60 percent of the funds are used for payroll. In the first round, the loans could only be used for payroll and rent, but the list has been expanded and now includes employee health benefits, mortgage interest, utilities and expenses that are essential to business operations.

Some changes have been made to the program, according to this Forbes magazine story.

Links to banks’ PPP application pages

Watertown Savings Bank:

Cambridge Savings Bank:

People’s United Bank:

Eastern Bank:

Citizens Bank:

Bank of America:

Chase Bank:

Sovereign Bank:

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