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    related to: Does the Small Business Administration accept Paycheck Protection Program (PPP) loans?
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      • Answer: No. In addition to small business concerns, a business is eligible for a PPP loan if the business has 500 or fewer employees whose principal place of residence is in the United States, or the business meets the SBA employee-based size standards for the industry in which it operates (if applicable).
      www.sba.gov › sites › default

      PAYCHECK PROTECTION PROGRAM LOANS - Small Business Administration

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  3. www.sba.gov › sites › defaultPAYCHECK PROTECTION PROGRAM LOANS - Small Business Administration

    Answer: No. In addition to small business concerns, a business is eligible for a PPP loan if the business has 500 or fewer employees whose principal place of residence is in the United States, or the business meets the SBA employee-based size standards for the industry in which it operates (if applicable).

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  4. www.sba.gov › sites › defaultPAYCHECK PROTECTION PROGRAM LOANS - Small Business Administration

    Answer: No. Small business Loans even if they have more than 500 employees, as long as they satisfy the existing concerns can be eligible borrowers for First Draw PPP. statutory and regulatory definition of a “small business concern” under section 3 of the Small Business Act, 15 U.S.C. 632.

  5. www.fincen.gov › sites › defaultFrequently Asked Questions (FAQs) as of January 12, 2024

    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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  7. www.sba.gov › article › 2021Fact Sheet: Changes to Paycheck Protection Program by Biden ...

    Mar 11, 2021 · Published on March 11, 2021. Two weeks ago, the Biden-Harris Administration made several reforms to the Paycheck Protection Program (PPP) to further ensure small businesses get the help they need, especially Mom-and-Pop businesses in underserved communities.

  8. crsreports.congress.gov › product › pdfSBA Paycheck Protection Program (PPP) Loan Forgiveness: In Brief

    Oct 6, 2021 · As required by law, the SBA stopped accepting new PPP applications on May 31, 2021, and it had approved over 11.8 million PPP loans, totaling nearly $800 billion.

  9. www.gao.gov › products › gao-21-601Paycheck Protection Program: Program Changes Increased ...

    Sep 21, 2021 · The Paycheck Protection Program (PPP) supports small businesses through forgivable loans for payroll and other eligible costs. Early lending favored larger and rural businesses, according to GAO's analysis of Small Business Administration (SBA) data.

  10. home.treasury.gov › system › filesSMALL BUSINESS PAYCHECK PROTECTION PROGRAM

    The Paycheck Protection Program is implemented by the Small Business Administration with support from the Department of the Treasury. Lenders should also visit www.sba.gov or www.coronavirus.gov for more information.