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.