COVID-19 Small Business Loans The Small Business Administration (SBA) offers programs that can help your business if it’s been affected by the coronavirus pandemic. Paycheck Protection Program (PPP) The Paycheck Protection Program (PPP) ended on May 31, 2021. It offered loans to help small businesses and non-profits keep their workers 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 …Second Draw PPP loans made to eligible borrowers qualify for full loan forgiveness if during the 8- to 24-week covered period following loan disbursement: Employee and compensation levels are maintained in the same manner as required for the First Draw PPP loan; The loan proceeds are spent on payroll costs and other eligible expenses; and57 реда · 07/07/2020 · Search more than 11 million loans approved by lenders and disclosed by the Small …90% of PPP loans went to companies with 25 employees or less, with an average loan size of $105,000. For lower-income workers Our PPP lending spans across many industries—including those with the lowest-earning workers—many of whom have been disproportionally affected by the ;· Through the PPP, businesses with up to 500 employees (and some other companies) can receive a loan for times their monthly payroll costs, up to $10 million. The loan can be forgiven ;· The PPP's goal is to offer forgivable loans to smaller businesses, helping them to stay afloat and employees to maintain their jobs as the coronavirus puts the economy on ;· FAQs: Small Business Loans for COVID-19. The coronavirus of 2019 (COVID-19) has caused unprecedented disruption for small businesses in the United States. In response, the federal government has created and expanded several assistance programs for certain impacted businesses, including a paycheck protection program (PPP).

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