Paycheck Protection Program - Small Business Administration
Get information about the SBA loan program that helped businesses keep their workforce employed during the COVID-19 crisis. Notice: The Paycheck Protection Program (PPP) ended on May 31, 2021. Existing borrowers may be eligible for PPP loan forgiveness.
PPP loan forgiveness | U.S. Small Business Administration
Mar 13, 2024 · The questions you will be asked in the portal correspond to those asked on SBA Form 3508, SBA Form 3508EZ, or SBA form 3508S. If you would prefer to work with your lender, lenders can still accept PPP forgiveness applications directly.
Get help with your PPP loan - Small Business Administration
Mar 4, 2021 · Create an account in the MySBA Loan Portal (lending.sba.gov) to monitor your PPP loan status. Payments can only be made using the MySBA Loan Portal for SBA-purchased PPP loans. All others can continue to set up and manage online payments at Pay.gov.
PPP lender information | U.S. Small Business Administration
Nov 19, 2024 · SBA Procedural Notice on PPP Loans and Changes of Ownership: The purpose of this notice is to provide information concerning the required procedures for changes of ownership of an entity that has received PPP funds (a “PPP borrower”).
First Draw PPP loan | U.S. Small Business Administration
Oct 3, 2024 · PPP loans have an interest rate of 1%. Loans issued prior to June 5, 2020, have a maturity of two years. Loans issued after June 5, 2020, have a maturity of five years. Loan payments will be deferred for borrowers who apply for loan forgiveness until SBA remits the borrower's loan forgiveness amount to the lender.
SBA PPP Platform
The Paycheck Protection Platform allows lenders to submit PPP loan requests and their forgiveness decisions to the SBA.
Second Draw PPP loan | U.S. Small Business Administration
May 31, 2021 · PPP now allows certain eligible borrowers that previously received a PPP loan to apply for a Second Draw PPP loan with the same general loan terms as their First Draw PPP loan. Second Draw PPP loans can be used to help fund payroll costs, including benefits.
SBA PPP Forgiveness::
This portal is made available by the US Small Business Administration to streamline forgiveness processing for PPP Borrowers. After registration, you may use this streamlined process to automatically submit your forgiveness request to your lender.
PPP data | U.S. Small Business Administration
May 31, 2021 · SBA is working to ensure fair and equitable access to its programs and will soon provide additional reporting on how the Agency is working to meet these goals. Demographic information is provided voluntarily by borrowers to their lenders.
FAQ for PPP Borrowers and Lenders - Small Business Administration
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