Get information about the SBA loan program that helped businesses keep their workforce employed during the COVID-19 crisis.

The loan proceeds to cover payroll costs, rent, interest, and utilities. The loan may be partially or fully forgiven if the business keeps its employee counts and employee wages stable. The U.S. …

Jul 7, 2020 · As part of the Paycheck Protection Program, the federal government has provided hundreds of billions in financial support to banks to make low-interest loans to companies and …

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 …

The Paycheck Protection Program (“PPP”) authorizes up to $669 billion in forgivable loans to small businesses to pay their employees during the COVID-19 crisis.

Sep 24, 2024 · The Paycheck Protection Program (PPP) was a huge federal program that paid out $793 billion in small business loans during the COVID-19 pandemic. 1 The PPP Act, which …

Congress extended the PPP deadline on March 25, giving small-business owners until May 31 to apply for a first- or second-draw loan through the Paycheck Protection Program.

Oct 3, 2024 · Borrowers may be eligible for Paycheck Protection Program (PPP) loan forgiveness. Effective March 13, 2024, all borrowers, regardless of loan size, can use SBA's direct …

Jul 29, 2025 · A business that qualifies as a small business concern under section 3 of the Small Business Act, 15 U.S.C. 632, may truthfully attest to its eligibility for a First Draw PPP Loan on …

Oct 3, 2024 · Existing borrowers may be eligible for PPP loan forgiveness. SBA also offers additional COVID-19 relief. PPP is a loan designed to provide a direct incentive for small …