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     Chicago Sun-Times

     Illinois State Police officers accused of PPP loan fraud

     On their loan applications, one said he ran a sports program for kids, listing “babysitting” as the primary purpose for his business. The agency has filed complaints against the officers with ...

     19 hours ago

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2. People also ask

   Are existing borrowers eligible for PPP loan forgiveness?

   • Existing borrowers may be eligible for PPP loan forgiveness. Borrowers may be eligible for Paycheck Protection Program (PPP) loan forgiveness. Information and resources for lenders participating in the Paycheck Protection Program (PPP). Find data and reports related to the Paycheck Protection Program (PPP).

   Paycheck Protection Program | U.S. Small Business Administration

   www.sba.gov/funding-programs/loans/covid-19-relief-options/paycheck-protection-program

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   How do I prepare for a PPP loan?

   • To get prepared for a PPP loan, it’s critical to read up on the latest eligibility requirements and terms so you know where you stand and how to prepare. The following guide outlines everything you need to know about the updates before you apply for PPP loan funding. What Is The Paycheck Protection Program?

   Everything You Need to Know About PPP Loans in 2021

   www.fundingcircle.com/us/resources/ppp-loans-2021-everything-you-need-to-know/

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   Who is eligible for a PPP loan?

   • To be eligible for a PPP loan or to receive loan forgiveness, the applicant must meet all eligibility criteria and PPP requirements, which includes the requirement that the principal place of residence for a sole proprietor, self-employed individual, or independent contractor must be in the United States.

   As of July 29, 2021 - U.S. Department of the Treasury

   home.treasury.gov/system/files/136/Paycheck-Protection-Program-Frequently-Asked-Questions.pdf

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   Does the Flexibility Act apply to PPP loans?

   • Answer: The extension of the deferral period under the Flexibility Act automatically applies to all PPP loans. Lenders are required to give immediate effect to the statutory extension and should notify borrowers of the change to the deferral period. SBA does not require a formal modification to the promissory note.

   Paycheck Protection Program (PPP) Loans FAQ - Small Business Adminis…

   www.sba.gov/sites/default/files/2021-01/Paycheck-Protection-Program-Frequently-Asked-Questions.pdf

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3. www.sba.gov › funding-programs › loansPaycheck Protection Program | U.S. Small Business Administration

   www.sba.gov › funding-programs › loans

   • Cached

   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.

   • PPP Loan Forgiveness

     PPP loan forgiveness | U.S. Small Business Administration....

   • First Draw PPP Loan

     PPP is a loan designed to provide a direct incentive for...

   • Second Draw PPP Loan

     Second Draw PPP loans can be used to help fund payroll...

   • Get Help With a PPP Loan

     Payments can only be made using the MySBA Loan Portal for...

   • PPP Lender Information

     On February 22, 2021, President Biden announced the...

   • PPP Data

     Loans. Make a payment to SBA; 7(a) loans; 504 loans;...

4. home.treasury.gov › policy-issues › coronavirusPaycheck Protection Program | U.S. Department of the Treasury

   home.treasury.gov › policy-issues › coronavirus

   • Cached

   How to Calculate Maximum Loan Amounts for First Draw PPP Loans and What Documentation to Provide – By Business Type (3/12/2021) Second Draw PPP Loans – How to Calculate Revenue Reduction and Maximum Loan Amounts Including What Documentation to Provide (3/12/2021) Loan Forgiveness Factsheet (10/30/2020)

5. www.sba.gov › sites › defaultPaycheck Protection Program (PPP) Loans FAQ

   www.sba.gov › sites › default

   A lender does not need a separate SBA Authorization for SBA to guarantee a PPP loan. However, lenders must have executed SBA Form 2484 (the Lender Application Form for the Paycheck Protection Program)6 to issue PPP loans and receive a loan number for each originated PPP loan.

   • File Size: 440KB

   • Page Count: 22

6. Videos

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     28:02

     youtube.com

     Tips for Requesting Paycheck Protection Program (PPP) Loan Forgiveness – 2021

     Apr 7, 2021

     15.4K Views

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     2:05

     youtube.com

     Biden announces changes to PPP loan program

     Feb 22, 2021

     76.7K Views

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     3:22

     youtube.com

     2021 Small Business Loan Guide to the New Stimulus Bill: PPP and EIDL

     Jan 28, 2021

     8.6K Views

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7. home.treasury.gov › system › filesAs of July 29, 2021 - U.S. Department of the Treasury

   home.treasury.gov › system › files

   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.

   • File Size: 443KB

   • Page Count: 30

8. home.treasury.gov › system › filesPAYCHECK PROTECTION PROGRAM (PPP) INFORMATION SHEET:

   home.treasury.gov › system › files

   The Paycheck Protection Program (“PPP”) authorizes up to $349 billion in forgivable loans to small businesses to pay their employees during the COVID-19 crisis. All loan terms will be the same for everyone. The loan amounts will be forgiven as long as: .

9. www.fundingcircle.com › us › resourcesEverything You Need to Know About PPP Loans in 2021

   www.fundingcircle.com › us › resources

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   Aug 3, 2023 · Everything You Need to Know About PPP Loans in 2021. Updated: August 3rd, 2023. Disclaimer: This article is updated as of January 22, 2021. However, information around the PPP can change quickly, so check back here or on the SBA site for the latest details. Affordable business financing.