More than 340,000 Small Businesses Use PPP Loan Forgiveness Tool in its First 2 Weeks
The SBA says more than 340,000 small businesses used the PPP loan forgiveness tool in its first two weeks as more businesses apply.
PPP Loans
First PPP Loan Forgiveness Application Deadline Looms
If you got a Paycheck Protection Program loan during the first draw, your deadline for applying for forgiveness is August 30, 2021.
52% of Small Businesses Haven’t Asked for PPP Loan Forgiveness
With 52% of small businesses not having asked for PPP loan forgiveness, they need to take advantage of the high approval rates and apply.
In the News: The SBA Opens PPP Direct Forgiveness Portal
In this news this week the SBA has opened a PPP Loan Forgiveness portal to help small businesses close out their accounts with the Paycheck Protection Program.
PPP Loan Forgiveness Portal Now Open
The new application portal streamlines applications for loans that are $150,000 or less for more than 6.5 million businesses.
In the News: PPP Closes and Small Business Loan Approval Rates Increase
The Paycheck Protection Program (PPP) provided many small businesses with much-needed funds during the pandemic, but the program has now come to an end.
Small Business Loan Approval Rates Increase as PPP Closes
The end of the Paycheck Protection Program (PPP) is here, and this means businesses are going to look for funding from traditional sources.
PPP Loan FAQs for Small Business
Whether you have already applied or looking to apply, here is a PPP loan guide for small business to make sure you get it right and get the help you need.
Bank Approvals for Non-PPP Loans Increase Slightly
Loan approval rates for small businesses are increasing slightly. The amount of lending by big banks increased to 13.5% in March 2021.
New Survey Shows PPP Loans Not Getting to Smallest Businesses
Larger small businesses are more likely to receive a COVID relief loan compared to smaller businesses according to a survey by Bench.co.
In the News: Credit Unions are Helping Small Businesses with PPP Loans
The Paycheck Protection Program’s (PPP), the first and second round, have doled out hundreds of billions of dollars to small businesses.
Credit Unions Help Small Businesses Having Trouble Getting PPP Loans
More small businesses are looking to credit unions (CUs) to help them get loans through the Paycheck Protection Program’s (PPP) second round.
