Disclosure: The programs listed below are not offered or endorsed by PayPal and are provided for informational purposes to assist you during this difficult time. Please visit the pages listed below for the most up to date information.
April 30, 2020
We’ll be updating this page with the latest programs and resources being made available for small businesses impacted by COVID-19.
On Friday, March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (the CARES Act) was signed into law.
PayPal is now participating in the Paycheck Protection Program component of the Act to help make small business loans available to approved borrowers impacted by the COVID-19 pandemic.
The Program aims to help small businesses cover operating expenses and keep employees on the payroll. Additional funding has also been allocated to the Paycheck Protection Program and EIDL as of April 24th, 2020.
If your business is based in the US, and you’re interested in the Paycheck Protection Program loan through PayPal,1 you can learn more here.
State and city governments have stepped in to support small businesses. Check your city and state government websites to learn what options are available to you.
Find information on these here.
1The lender for the Paycheck Protection Program loan through PayPal is WebBank, Member FDIC.
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