Local lenders say second round of Paycheck Protection Program will be better than first WWNY Local lenders say second round of Paycheck Protection Program will be better than first By Emily Griffin | January 12, 2021 at 5:08 PM EST - Updated January 12 at 9:40 PM WATERTOWN, N.Y. (WWNY) - Local lenders are on the verge of offering round two of the Paycheck Protection Program, of PPP. This time they say things will be different for the better. Banks are set to dole out the next round of Paycheck Protection Program money and it’s already delivering excitement. “I can’t tell you how relieved we are and our clients are. Our phones have been ringing off the hooks,” said Liz Lonergan, regional director of Watertown Small Business Development Center.