First Draw PPP loan | U. S. Small Business Administration First Draw PPP loans can be used to help fund payroll costs, including benefits, and may also be used to pay for mortgage interest, rent, utilities, worker protection costs related to COVID-19, uninsured property damage costs caused by looting or vandalism during 2020, and certain supplier costs and expenses for operations
PPP lender information | U. S. Small Business Administration SBA Procedural Notice on PPP Loans and Changes of Ownership: The purpose of this notice is to provide information concerning the required procedures for changes of ownership of an entity that has received PPP funds (a “PPP borrower”)
Second Draw PPP loan | U. S. Small Business Administration PPP now allows certain eligible borrowers that previously received a PPP loan to apply for a Second Draw PPP loan with the same general loan terms as their First Draw PPP loan Second Draw PPP loans can be used to help fund payroll costs, including benefits
SBA PPP Platform The Paycheck Protection Platform allows lenders to submit PPP loan requests and their forgiveness decisions to the SBA Announcements: The Paycheck Protection Program (PPP) loan portal is currently accepting and processing Forgiveness decisions from Lenders