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Frequently Asked Questions

Is PPP loan still available?

PPP is no longer available, but other forms of loans, microloans, grants, and debt relief are available to your small business.

What does PPP stand for?

Congress passed the Paycheck Protection Program (PPP) loan as part of the Coronavirus Aid, Relief and Economic Security (CARES) Act to provide fast and direct economic assistance for small businesses and to preserve jobs for Americans. This loan has allowed many small businesses to stay afloat during the sudden economic recession in 2020.

Where to submit PPP forgiveness?

Submit the forgiveness form and documentation to SBA or your PPP lender: Depending on whether your lender is participating in direct forgiveness, complete your loan forgiveness application and submit it via the SBA direct forgiveness portal or via your lender with the re­quired supporting documents.


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