who funds the ppp loans

Best answer


Congress

People also ask


  • What is a PPP loan?

  • What is a PPP Loan? 1 Small businesses are facing an unprecedented economic disruption due to the Coronavirus (COVID-19) outbreak. … 2 PPP loans are an extension of the U.S. … 3 Paycheck Protection Program loans provide a direct incentive for small businesses to keep their workers on the payroll and to maintain their operations. More items…

  • 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.

  • How many employees do you need to get a PPP loan?

  • The program targets businesses with 500 or fewer employees. In the round of PPP loans beginning in February 2021, the program narrowed and only allows businesses and non-profits with fewer than 20 employees to apply before other candidates.

  • How do I search for PPP loan applications?

  • Search for PPP loan applications by organization, lender, zip code and business type. This data comes from the Small Business Administration, and includes lender-approved loans under the Paycheck Protection Program as of June 1, 2021.

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