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  1. The Paycheck Protection Program prioritizes millions of Americans employed by small businesses by authorizing up to $659 billion toward job retention and certain other expenses. Small businesses and eligible nonprofit organizations, Veterans organizations, and Tribal businesses described in the Small Business Act, as well as individuals who are ...

  2. Paycheck Protection Program. An SBA-backed loan that helps businesses keep their workforce employed during the COVID-19 crisis. Notice: The Paycheck Protection Program (PPP) ended on May 31, 2021. Existing borrowers may be eligible for PPP loan forgiveness.

  3. The Paycheck Protection Program Flexibility Act of 2020, which became law on June 5, 2020, extended the covered period for loan forgiveness from eight weeks after the date of loan disbursement to 24 weeks after the date of loan disbursement, providing substantially greater flexibility for borrowers to qualify for loan forgiveness.

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  5. Paycheck-Protection-Program-Frequently-Asked-Questions.pdf). 7. We assume for purposes of this FAQ that the filer is subject to one or more SAR rules issued by FinCEN. See 31 CFR § 1020.320 (SAR rule for banks); 31 CFR § 1021.320 (SAR rule for casinos and card clubs); 31 CFR § 1022.320 (SAR Rule for money services businesses); 31 CFR § 1023.320

  6. Mar 13, 2024 · How to apply for forgiveness. Each forgiveness form has unique instructions for documentation that must be submitted with your loan forgiveness application. For detailed instructions, refer to your chosen forgiveness form for clear guidance. For loans of $150,000 and below: SBA form 3508S PPP Loan Forgiveness Application + Instructions.

  7. (Economic Aid Act), and of the Paycheck Protection Program Interim Final Rules (“PPP Interim Final Rules”)(link). The U.S. government will not challenge lender PPP actions that conform to this guidance, 1. and to the PPP Interim Final Rules and any subsequent rulemaking in effect at the time the lender’s action is taken. 1. Question:

  8. As of February 1, 2021. The Small Business Administration (SBA), in consultation with the U.S. Department of the Treasury, has been issuing FAQs1 regarding implementation of the Paycheck Protection Program (PPP), established by section 1102 of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act or the Act).

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