PPP Loan Information Update 2021

Paycheck Protection Program / PPP loans were the main small-business provision of the CARES Act, intended to prop up small businesses with forgivable loans. Since the program’s inception, it has been modified with a number of follow-up bills, including an extension of the original deadline and the provision of additional funds when the initial funding ran out. Additionally, the Paycheck Protection Program Flexibility Act (PPPFA) was approved to make PPP loans more flexible in how and when they’re used.

Find out more information update in app : How the PPP works, PPP loan Qualifies, terms of PPP loan, and more. 100% of your loan could be forgiven if you follow guidelines. Passage of the PPP Flexibility Act of 2020 relaxed many PPP loan guidelines. Check eligibility before you apply and You can apply for both a PPP and EIDL loan.