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 forgiveness portal. Applying for forgiveness using the portal can take as little as 15 minutes.

Notice: The Paycheck Protection Program (PPP) ended on May 31, 2021. Existing borrowers may be eligible for PPP loan forgiveness.

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 businesses to keep their workers on payroll.

The Paycheck Protection Program is providing small businesses with the resources they need to maintain their payroll, hire back employees who may have been laid off, and cover applicable overhead.

2021年5月27日 · The new PPP authorization creates a simplified forgiveness process for borrowers who received loans less than $150,000.

2021年9月10日 · PPP has been reopened with a fresh $284 billion in available funding. Importantly, the re-started program allows new PPP loan requests from eligible businesses that didn’t obtain a loan in the initial round.

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. All loan terms will be the same for everyone, regardless of which lender they use to obtain their loan.