An SBA-backed loan that helps 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.
Just so, has SBA started funding PPP?
July 28, 2021 | Release Number 21-58. WASHINGTON – The U.S. Small Business Administration (SBA) is launching a streamlined application portal to allow borrowers with Paycheck Protection Program (PPP) loans $150,000 or less through participating lenders to apply for forgiveness directly through the SBA.
Furthermore, is there still PPP money left 2021?
PPP Money – Nearly All Gone: Only $8 billion remains available. Source: CBS News, April 6, 2021.