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1. www.sba.gov › article › 2020SBA’s Paycheck Protection Program for Small Businesses ...

   www.sba.gov › article › 2020

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   Apr 3, 2020 · The Paycheck Protection Program’s maximum loan amount is $10 million with a fixed 1% interest rate and maturity of two years. The loans are available to cover up to eight weeks of average monthly payroll (based on 2019 figures) plus 25% and payments are deferred for six months (interest does accrue).

2. home.treasury.gov › system › filesPaycheck Protection Program Loan Forgiveness

   home.treasury.gov › system › files

   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 ...

3. www.pandemicoversight.gov › data-interactive-toolsPaycheck Protection Program (PPP) | Pandemic Oversight

   www.pandemicoversight.gov › data-interactive-tools

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   Nov 14, 2023 · As of July 4, 2022, the Small Business Administration provided 11.47M loans totaling $792.6B. The intent of the program was to provide incentives for small businesses to keep their workers on the payroll.

4. www.sba.gov › funding-programs › loansSecond Draw PPP loan | U.S. Small Business Administration

   www.sba.gov › funding-programs › loans

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   May 31, 2021 · For most borrowers, the maximum loan amount of a Second Draw PPP loan is 2.5x the average monthly 2019 or 2020 payroll costs up to $2 million. For borrowers in the Accommodation and Food Services sector (use NAICS 72 to confirm), the maximum loan amount for a Second Draw PPP loan is 3.5x the average monthly 2019 or 2020 payroll costs up to $2 ...

5. www.investopedia.com › paycheck-protection-programPaycheck Protection Program (PPP) Loan Forgiveness ...

   www.investopedia.com › paycheck-protection-program

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   Jul 20, 2023 · The Paycheck Protection Program (PPP) was a federal program that paid out $790.9 billion in small business loans during the COVID-19 pandemic. By clicking “Accept All Cookies”, you agree to ...

6. www.stlouisfed.org › publications › regionalWas the Paycheck Protection Program Effective?

   www.stlouisfed.org › publications › regional

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   Jul 6, 2022 · The Paycheck Protection Program (PPP), which provided relief to small businesses during the COVID-19 crisis, was implemented quickly and wound up most of its operations within two years. But, as a new study by economist David Autor and others showed, the PPP was not well targeted. Only about one-quarter of PPP funds supported jobs that ...

7. crsreports.congress.gov › product › pdfSBA Paycheck Protection Program (PPP) Loan Forgiveness: In Brief

   crsreports.congress.gov › product › pdf

   Oct 6, 2021 · Small Business Administration (SBA) Paycheck Protection Program (PPP) to provide short-term, low-interest “covered loans” that could be forgiven in whole or in part under specified conditions to small businesses eligible to participate in the SBA’s 7(a) loan guarantee program and any