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  2. 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 is a federal initiative that provides small businesses with funds to pay payroll, rent, and utilities. It prioritizes millions of Americans who are employed by small businesses and offers loan forgiveness for eligible expenses. Find eligibility criteria, loan amounts, guidance, and resources on the web page.

  4. The Small Business Administration (SBA), in consultation with the Department of the Treasury, intends to provide timely additional guidance to address borrower and lender questions concerning the implementation of the Paycheck Protection Program (PPP), including both First Draw PPP Loans and Second Draw PPP Loans.

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  5. May 15, 2020 · The PPP was created by the CARES Act to provide forgivable loans to eligible small businesses to keep American workers on the payroll during the COVID-19 pandemic. The documents released today will help small businesses seek forgiveness at the conclusion of the eight week covered period, which begins with the disbursement of their loans.

  6. The Paycheck Protection Program (PPP) is a $953-billion business loan program established by the United States federal government during the Trump administration in 2020 through the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) to help certain businesses, self-employed workers, sole proprietors, certain nonprofit organizations ...

  7. Jul 20, 2023 · Key Takeaways. The Paycheck Protection Program (PPP) was a federal program designed to support small businesses through the COVID-19 pandemic. If you received a PPP loan, you may be able...

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