Paycheck Protection Program Loans FAQs

PPP Frequently Asked Questions (FAQs) The Small Business Administration (SBA), in consultation with the Department of the Treasury, intends to provide timely additional guidance to address borrower and lender questions concerning the implementation of the Paycheck Protection Program (PPP), including both First Draw PPP Loans and Second Draw PPP Loans. Appropriate agencies will update information…

SBA’s PPP Portal Opens for Second Round of Loans

The U.S. Department of Treasury and the U.S. Small Business Administration (SBA) recently announced that beginning Monday, January 11, applications would be accepted for the second round of loans in the SBA’s Payment Protection Program (PPP). This second round includes $284 billion in funding allocated for the PPP in the stimulus bill passed on December 27, 2020.…