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People also ask
Can I get a PPP loan?
The SBA (Small Business Administration) has closed the doors on the PPP (Paycheck Protection Program), so new applicants can’t get a PPP loan. However, there are other options available.
Why choose PPPP loan direct?
PPP Loan Direct is dedicated to helping small businesses like yours access this new round of PPP funds quickly. We make it easy for you to apply for PPP 2.0 funds, even if you don鈥檛 bank with an approved SBA lender.
What happens if I don’t apply for PPP loan forgiveness?
If borrowers do not apply for forgiveness within 10 months after the last day of the covered period, then PPP loan payments are no longer deferred, and borrowers will begin making loan payments to their PPP lender. 1. Determine if your lender is participating in direct forgiveness through SBA and complete the correct form:
What should I do if my lender isn鈥檛 accepting PPP applications?
If your lender isn鈥檛 currently accepting PPP forgiveness applications, take this time to review your numbers to see if you meet the requirements to have your loan fully forgiven. Some payroll providers (like Gusto) are offering forgiveness reports that provide you with a potential forgiveness reduction number based on your payroll activity.