who funds the ppp loans

Best answer


Congress

People also ask


  • Is information on PPP loans available?

  • The PPP is an emergency loan program administered by the Small Business Administration. Historically, information on all loans issued by the SBA is publicly available information and subject to release under the Freedom of Information Act.

  • How can I get a PPP loan in 2021?

  • Only go through approved lenders or the SBA. The Consolidated Appropriations Act, 2021 (CAA) extended the Paycheck Protection Program (PPP) through March 31, 2021, or until funds are depleted. The amount of funds made available was $284 billion.

  • What is the Paycheck Protection Program (PPP)?

  • An SBA-backed loan that helps businesses keep their workforce employed during the COVID-19 crisis. The Paycheck Protection Program (PPP) is a loan designed to provide a direct incentive for small businesses to keep their workers on payroll.

  • What is the third round of PPP loans?

  • A third round of Paycheck Protection Program (PPP) loans was authorized by the passage of H.R. 133: Consolidated Appropriations Act, 2021 into law on Dec. 27, 2020. Changes made by the Biden administration provide targeted assistance to very small businesses and previously underserved individuals.

    Related Posts

    Leave a Reply

    Your email address will not be published.