People also ask
Are PPP loans still available in 2021?
However, that money was gone within two weeks, resulting in the second round of funding totaling $320 billion. After round two loans had ended in August of 2020, the CAA authorized the third round of PPP loans. 1 However, those funds were depleted, and as of May 31, 2021, the PPP program is no longer available. 2
Do you have to pay back a PPP loan?
Any PPP loan borrowers who were granted forgiveness were not required to pay back the money they borrowed. Over the three rounds of PPP loans issued between 2020 and 2021, the SBA disbursed $790,765,202,677 in funding. Of that, $680,813,821,189 was asked to be forgiven.
How many rounds of PPP loans are there?
The table below outlines all three rounds of PPP loan funding. The Whitehouse announced, Feb. 22, 2021, five changes to the Paycheck Protection Program, one with a set term of two weeks, the other four effective until at least the end of March 2021.
How do I sign up for the next round of PPP loans?
You can email [email protected] with the subject line 鈥?Next Round 鈥?to sign up. Democratic members of the committee argued that it was wrong for the SBA to allow many of President Trump鈥檚 associates to receive PPP loans, and encouraged greater funding for minority business owners and an increase in Economic Injury Disaster Loan (鈥淓IDL鈥? caps.