who applies for ppp loan

Best answer

In addition to small business concerns, a business is eligible for a PPP loan if the business has500 or fewer employees whose principal place of residence is in the United States, or the business meets the SBA employee-based size standards for the industry in which it operates (if applicable).

People also ask

  • Can I get a PPP loan for my business?

  • If any of the following statements apply to your business, you are not eligible for any PPP loan. You only employ household employees such as nannies or housekeepers (this is not considered a business)

  • How can I find out if a company has received PPP?

  • If you search on FederalPay.org, you can look up business names or search by state or industry to learn which companies have received loans from the PPP. The Department of Justice has charged some with obtaining PPP loans through fraudulent means, which has prompted an interest in loan data. Article continues below advertisement

  • When can I apply for first draw PPP loan?

  • Start your business in 10 steps. If you have not received a Paycheck Protection Program (PPP) loan before, First Draw PPP loans may be available to you. The Paycheck Protection Program ends on May 31, 2021. All eligible entities can apply through a participating lender until then.

  • Can I apply for a PPP loan in 2021?

  • 2021 PPP loan eligibility First draw PPP loans If the following statements apply to your business, you are eligible to apply for your first PPP loan in 2021. Your business was operational before February 15, 2020

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