People also ask
Is the PPP loan program still available?
There were two 鈥渄raws鈥?from the PPP loan program, and some businesses that were approved for the second draw are still waiting to receive funds. The SBA says those loans will continue to be funded.
Are round 3 PPP loans still available in 2021?
Use of Round 3 PPP Funds Tax Treatment of Round 3 PPP Loans The Consolidated Appropriations Act, 2021 (CAA), signed into law by President Trump on Dec. 27, 2020, included new funding for the Paycheck Protection Program (PPP), which had expired Aug. 8, 2020. The PPP was created by the CARES Act and originally included $349 billion in funding.
Will there be another PPP program in 2021?
There Won鈥檛 Be Another PPP Loan in 2021, but Other Programs Can Help By Danielle Letenyei. Jun. 22 2021, Published 11:55 a.m. ET
Is the SBA planning another round of PPP loans?
The SBA (Small Business Administration) isn鈥檛 planning another round of PPP (Paycheck Protection Program) loans. Still, other programs are available to help your business recoup revenue lost during the COVID-19 pandemic.