Business Type For Ppp

December 10, 2021 Post a Comment

Clients impacted by the closure of the program will receive an email with additional information. On May 12 2021 the SBA notified us that funding for the PPP loans Union Bank administers has been exhausted and the SBA will no longer be able to process Union Banks PPP loan request submissions.

Sba Ppp Guidelines For Sole Proprietors And Independent Contractors

Paycheck Protection Program PPP loans.

Business type for ppp. The PPP supports 511 million jobs as much as 84 of all small business. The data in this database was published by the Small Business Administration SBA on July 6 2020 and includes all approved active Paycheck Protection Program PPP. The Small Business Administration said Wednesday May 6 2021 that the Paycheck Protection Program PPP has run out of money to lend.

The way it works depends on if you are a first-time borrower or are returning for a second loan. Amounts up to 10 million. PPP loan application funds have been exhausted.

Total First Second Draw Loans. 5461 Small businesses as defined by the US Census employ 599 million people across the country. Business owners may also apply for a forgivable Paycheck Protection Program PPP loan until May 31.

PPP Loans by Community. As of last Sunday the PPP had provided nearly 108 million loans worth more than 780 billion since April of last year.

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