East Cambridge Savings Bank today announced its participation in the latest round of the Small Business Administration’s Paycheck Protection Program (PPP) – a loan program designed to help small and medium size businesses by providing loans that can be forgiven if certain criteria is met. Under the Coronavirus Response and Relief Supplemental Appropriations Act of 2021, the newly expanded Paycheck Protection Program provides: A first draw option (“First Draw PPP”) for first time borrowers who never had a PPP loan. A second draw option (“Second Draw PPP”) to eligible borrowers that previously received a PPP loan. The Bank is accepting applications now through March 31, 2021.