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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
How to apply for forgiveness. Each forgiveness form has...
- First Draw PPP Loan
PPP is a loan designed to provide a direct incentive for...
- Second Draw PPP Loan
For most borrowers, the maximum loan amount of a Second Draw...
- Get Help With a PPP Loan
View loan balance and make payments. Create an account in...
- PPP Lender Information
On February 22, 2021, President Biden announced the...
- PPP Data
SBA is working to ensure fair and equitable access to its...
- Business Guide
A locked padlock) or https:// means you’ve safely connected...
- PPP Loan Forgiveness
Funds will be made available following a successful application. This loan advance will not have to be repaid. If a business received an Economic Injury Disaster Loan advance in addition to a Paycheck Protection Program (PPP) loan, the amount of the Economic Injury Disaster Loan advance will be deducted from the PPP loan forgiveness amount by SBA.
People also ask
Can SBA guarantee a PPP loan?
What is a Paycheck Protection Program (PPP) loan?
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What if a PPP loan received an SBA loan number?
The Paycheck Protection Program Flexibility Act of 2020, which became law on June 5, 2020, extended the covered period for loan forgiveness from eight weeks after the date of loan disbursement to 24 weeks after the date of loan disbursement, providing substantially greater flexibility for borrowers to qualify for loan forgiveness.
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Frequently Asked Questions (FAQs) on PPP Loan Forgiveness . The Small Business Administration (SBA), in consultation with the Department of the Treasury, is providing this guidance to address borrower and lender questions concerning forgiveness of Paycheck Protection Program (PPP) loans, as provided for under section 1106 of the Coronavirus
If your PPP lender is one of the more than 1,400 participating in the SBA’s direct forgiveness program you can apply using the SBA’s PPP Direct Forgiveness Portal. (See a list of participating ...