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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.
Is the PPP program still available 2021?
The PPP ended on May 31, 2021. Existing borrowers may be eligible for PPP loan forgiveness. SBA also offers additional COVID-19 relief. PPP now allows certain eligible borrowers that previously received a PPP loan to apply for a Second Draw PPP loan with the same general loan terms as their First Draw PPP loan.
When can I apply for a round 3 PPP loan?
On March 30, 2021, President Biden signed the Paycheck Protection Program Extension Act, which gave applicants until May 31, 2021, to apply for a PPP loan, extended the covered period to June 30, 2021, and gave lenders until that date to process loans. 11 Application Process for a Round 3 PPP Loan