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Will there be another PPP loan 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. The SBA (Small Business Administration) isn鈥檛 planning …
What happened to the PPP loan program?
After administering over $798 million in loans to over 8.5 million small businesses across the country, the PPP loan program ended on May 31. The program was running out of government funds before then.
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.
Are there any alternatives to a PPP loan?
Alternative lenders, regional and local banks, and credit unions, may still accept PPP loan applications. Whether you need money now or could use it later, these alternatives to PPP loans could help. Best Small Business Loans.