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   What is a Paycheck Protection Program (PPP) loan?

   • A third round of Paycheck Protection Program (PPP) loans was authorized by the passage of H.R. 133: Consolidated Appropriations Act, 2021 into law on Dec. 27, 2020. Based on the CARES Act, the first-draw PPP loans were available for the lesser of $10 million or 2.5 times a company's average monthly payroll.

   What Was Third-Round Paycheck Protection Program (PPP) Funding?

   www.investopedia.com/your-guide-to-the-paycheck-protection-program-ppp-and-how-to-apply-4802195

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   When did the Paycheck Protection Program stop accepting new applications?

   • The Paycheck Protection Program was enacted as part of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). All of the Paycheck Protection Program's original $349 billion was allocated between April 3 and April 16, 2020. The Small Business Administration stopped accepting new PPP applications on April 16, 2020.

   Paycheck Protection Program - Wikipedia

   en.wikipedia.org/wiki/Paycheck_Protection_Program

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   How long will the Paycheck Protection Program (PPP) last?

   • On Feb. 22, 2021, the White House announced five changes to the Paycheck Protection Program (PPP). One change had a set term of two weeks. The other four would be effective until at least the end of March 2021.

   What Was Third-Round Paycheck Protection Program (PPP) Funding?

   www.investopedia.com/your-guide-to-the-paycheck-protection-program-ppp-and-how-to-apply-4802195

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   Who is a Paycheck Protection Program (PPP) holder?

   • According to NPR's analysis of SBA data, the majority belong to one-person businesses — companies the Paycheck Protection Program most intended to help — and people whose loans were processed by financial technology companies, or fintechs, a nebulous term broadly defined as businesses that use technology to automate financial services.

   Majority of Paycheck Protection Program loans have been forgiven, SBA

   www.npr.org/2023/01/09/1145040599/ppp-loan-forgiveness

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2. www.investopedia.com › your-guide-to-the-paycheckWhat Was Third-Round Paycheck Protection Program (PPP) Funding?

   www.investopedia.com › your-guide-to-the-paycheck

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   Aug 8, 2023 · Vikki Velasquez. The Consolidated Appropriations Act of 2021 (CAA) was signed into law on Dec. 27, 2020 and included new funding for the Paycheck Protection Program (PPP), which expired on Aug. 8...

   • Author: Jim Probasco

3. Videos

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     How Does Paycheck Protection Program Work? PPP Loan Program Explained!

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     CARES Act & Paycheck Protection Program PPP for Small Businesses Explained

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4. www.sba.gov › article › 2021SBA Administrator Issues Statement on the Closure of Paycheck ...

   www.sba.gov › article › 2021

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   Jun 1, 2021 · WASHINGTON – Today, U.S. Small Business Administrator Isabella Casillas Guzman issued the following statement on the closure of the Paycheck Protection Program (PPP) to new loan guaranty applications, which has provided over $798 billion in economic relief to small businesses and nonprofits across the nation, keeping employees employed and helping businesses come back stronger than ever.

5. www.npr.org › 2023/01/09 › 1145040599Majority of Paycheck Protection Program loans have been ...

   www.npr.org › 2023/01/09 › 1145040599

   Jan 9, 2023 · An NPR analysis of data released on Jan. 8 by the Small Business Administration found that 92% of the loans issued have been granted full or partial forgiveness. That includes loans to companies ...

6. en.wikipedia.org › wiki › Paycheck_Protection_ProgramPaycheck Protection Program - Wikipedia

   en.wikipedia.org › wiki › Paycheck_Protection_Program

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   The deadline to apply for a PPP loan was March 31, 2021. [1] Some economists have found that the PPP did not save as many jobs as purported and aided too many businesses that were not at risk of going under.

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

   www.sba.gov › sites › default

   For example, if the borrower is using a 24-week Covered Period and received its PPP loan proceeds on Monday, April 20, the first day of the Covered Period is April 20 and the last day of the Covered Period is Sunday, October 4. In no event may the Covered Period extend beyond December 31, 2020.

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

   www.fincen.gov › sites › default

   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).

9. www.forbes.com › sites › allbusinessTreasury Issues New FAQs On PPP Loan Forgiveness ... - Forbes

   www.forbes.com › sites › allbusiness

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   Aug 7, 2020 · The new PPP FAQs come as the August 8, 2020, deadline to apply for a PPP loan fast approaches, and as Congress and the White House negotiate a new Covid relief package expected to both simplify...