Paycheck Protection Program

Schedule an Appointment

We are excited to let our communities know that we have been and will continue to accept applications for the next round of the Paycheck Protection Program (PPP).

Please take a few minutes and look through the eligibility requirements and have your supporting documentation ready prior to making your appointment at your local Unity Bank.

This round of PPP continues to prioritize millions of Americans employed by small businesses by authorizing up to $284 billion toward job retention and certain other expenses through March 31, 2021, and by allowing certain existing PPP borrowers to apply for a Second Draw PPP Loan.

For more information and the Interim Final Rules and Guidance for PPP (as of January 6, 2021) please read the following PDFs:
  • You can apply through Unity Bank if you are not a current customer or if you received your first PPP loan from another bank.
  • Please only apply at one bank
  • We cannot accept applications from Money Service Businesses or Marijuana Related Businesses
  • All loans must be deposited into a Unity Bank deposit account

First Draw PPP Loans
PPP loans will be available to first-time qualified borrowers (“First-Draw”).
Please read the Top-line-Overview-of-First-Draw-PPP from the Treasury for details.

Second Draw PPP Loans
Businesses that previously received a PPP loan will be eligible for a (“Second Draw”) and may apply for another loan of up to $2 million, provided they:
  • Have 300 or fewer employees (compared to 500 for First-Draw borrowers).
  • Have used or will use the full amount of their first PPP loan.
  • Can show a 25% gross revenue decline in any 2020 quarter compared with the same quarter in 2019.
  • Additional criteria regarding eligibility by business type and activities can be found in the Interim Final Rule.
  • Accommodation and food services operations (those with North American Industry Classification System (NAICS) codes starting with 72) with fewer than 300 employees per physical location may receive up to 3.5X average monthly payroll costs, as opposed to 2.5X for other eligible borrowers (similar to PPP1).
  • Please read the Top-line-Overview-of-Second-Draw-PPP from the Treasury for details.
More information
Click here to learn how to calculate maximum loan amounts for first draw PPP loans and what documentation to provide – by business type. Provided by the SBA.
Click here to learn how to calculate revenue reduction and maximum loan amounts including what documentation to provide for second draw PPP loans. Provided by the SBA.

Documentation Checklist
Make sure you bring this information when you come in for your appointment.
  • Articles of Incorporation/Organization/Proof of Good Standing (Accessible via the Minnesota Secretary of State website)
  • Business license
  • Tax return
  • Payroll documentation
  • Driver’s License, State ID or Passport
  • Please make sure to read the SBA guidance for more detailed information on documentation and consult with your CPA or financial advisor on the financial information required in the application.

Thank you for your patience as we continue to receive guidance from the SBA. You can read more from the SBA here:

Contact Us to setup an appointment