How To Apply For The Ppp Loan Youtube. Sba is currently offering ppp loans until may 31, 2021. Sba, in consultation with the department of the treasury, has determined that the following safe harbor will apply to sba’s review of ppp loans with respect to this issue:
The paycheck protection program (“ppp”) authorizes up to $349 billion in forgivable loans to small businesses to pay their employees during the covid. But, it’s first come, first served. More money is on the way.
As of march 30, 2021, the sba says you have to wait at least 8 weeks from getting your ppp first draw funds to be able to apply for a ppp loan second draw, but we have seen otherwise.
If your ppp loan amount with the sba is $20k you need to use and pay back $20k not $17k. To get prepared for a ppp loan, it’s critical to read up on the latest eligibility requirements and terms so you know where you stand and how to prepare. If you have not received your forgiveness application link, please email pppforgiveness@compeer.com. Sba, in consultation with the department of the treasury, has determined that the following safe harbor will apply to sba’s review of ppp loans with respect to this issue: