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Mar 13, 2024 · Learn how to apply for Paycheck Protection Program (PPP) loan forgiveness through SBA's direct portal or your lender. Find out the eligibility requirements, documentation, and deadlines for different loan sizes and forms.
- SBA Direct Forgiveness Portal
Register and Apply for PPP Forgiveness. This portal is made...
- SBA Form 3508S
Notice: The Paycheck Protection Program (PPP) ended on May...
- Second Draw PPP Loan
Second Draw PPP loans can be used to help fund payroll...
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- First Draw PPP Loan
PPP is a loan designed to provide a direct incentive for...
- Get Help With Your PPP Loan
SBA has 68 District Offices around the country that provide...
- PPP Lender Information
On February 22, 2021, President Biden announced the...
- PPP Lenders Participating in Direct Forgiveness
PPP lenders participating in direct forgiveness. List of...
- SBA Direct Forgiveness Portal
Oct 12, 2022 · About 1 million of the 11.4 million PPP loans remain unforgiven. The majority of these unforgiven loans are held by sole proprietors and independent contractors: one-person businesses...
Jan 5, 2024 · The SBA offers a 60-day goodwill exception period and hardship repayment plans for borrowers with loans under $100,000. Borrowers can check their PPP loan status and apply for forgiveness online or contact the SBA for assistance.
Learn how borrowers can qualify for loan forgiveness by using at least 60% of the loan for payroll within 8 or 24 weeks. See the latest data on the number and amount of PPP loans forgiven as of October 2, 2022.
If the loan is fully forgiven, the borrower is not responsible for any payments. If only a portion of the loan is forgiven, or if the forgiveness application is denied, any remaining balance due on the loan must be repaid by the borrower on or before the maturity date of the loan.
Paycheck Protection Program (PPP) borrowers may be eligible for loan forgiveness if the funds were used for eligible payroll costs, payments on business mortgage interest payments, rent, or utilities during either the 8- or 24-week period after disbursement. A borrower can apply for forgiveness once 1 Contact Your 2 Compile it has used all loan ...
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related to: ppp loans forgivenApply today. If approved, use what you need. When you need It. Terms Apply. Learn More. Pay a fee only on what you borrow during the months you have an outstanding balance.
