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Mar 13, 2024 · Borrowers may be eligible for Paycheck Protection Program (PPP) loan forgiveness. Content. Where to apply for loan forgiveness. Effective March 13, 2024, all borrowers, regardless of loan size, can use SBA's direct forgiveness portal . Applying for forgiveness using the portal can take as little as 15 minutes.
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.
week (56-day) period) that begins on the first day of their first pay period following their PPP loan disbursement date (i.e., the “Alternative Covered Period”). For example, if the borrower is using a 24-week Alternative Payroll Covered Period and received its PPP loan proceeds on Monday, April 20, and the first day of its first pay period
Sep 16, 2021 · The U.S. Small Business Administration (SBA) and Treasury Department announced that the Paycheck Protection Program (PPP) would reopen the week of January 11, 2021, for new borrowers and existing...
Jul 20, 2023 · 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 to apply for...
May 27, 2021 · Paycheck Protection Program 2.0: How to Apply for a New PPP Loan. The Paycheck Protection Program helps small businesses with payroll and operating costs. Learn how PPP works.
Content. Notice: PPP ended May 31, 2021. The PPP ended on May 31, 2021. Existing borrowers may be eligible for PPP loan forgiveness. SBA also offers additional COVID-19 relief. Loan details. PPP is a loan designed to provide a direct incentive for small businesses to keep their workers on payroll.
