who funds the ppp loans

Best answer


SBA

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.

  • 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.

  • Are SBA PPP loan recipients public information?

  • Under open government transparency guidelines, information on recipients of the $800B in forgivable government loans issued through the 2020 Paycheck Protection Program by the US Small Business Administration (SBA) are a matter of public record. FederalPay.org has created a powerful search tool that allows public access to the PPP loan database.

  • What is PPP loan forgiveness?

  • The Paycheck Protection Program is a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll. SBA will forgive loans if all employee retention criteria are met, and the funds are used for eligible expenses. Click here to read more about PPP loan forgiveness.

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