Is There A Ppp Loan For 2024. The first draw ppp ifr clarifies that applicants seeking first draw ppp loans under the economic aid act may use calendar year 2019 or calendar year 2020 for purposes of calculating their. Small business administration (sba) reached a major milestone today as its paycheck protection program (ppp) direct borrower forgiveness portal recorded its one millionth ppp loan forgiveness application for borrowers seeking forgiveness for loans of $150,000 or less.
These loans may be completely forgiven if spent on eligible expenses (mainly payroll) during a specific time period. How to get a ppp loan if i start a business in 2024?