WebWhether you’re a sole proprietor, self-employed, a small business owner with employees, or an independent contractor, the Paycheck Protection Program (PPP) offers low-interest loans that may be 100% forgiven. While the second round of PPP was scheduled to run through May 31, 2024, we’ve been notified by the SBA that funding has nearly run out. WebPaycheck Protection Program (PPP) Forgiveness Application Reference Guide. 4. Overview. Under the . CARES Act , which created the PPP and authorized the initial PPP funding, and the PPP Flexibility Act, which ... or net earnings from self -employment, or similar compensation. For each employee, eligible Cash Compensation is capped at $100,000 ...
PPP Loan Repayment & Forgiveness – Common Questions …
WebNavigating the PPP Client Portal dashboard Learn how to access your application and view personal dashboard features like your to-do list. Transcript Uploading documents Submitting your supporting documents is an essential step in applying for loan forgiveness. WebOct 10, 2024 · First-time (First Draw) PPP loans up to $10 million can be completely forgiven. Second Draw forgivable loans are capped at $2 million. Several new categories of forgivable expenses have been... modified independent vs supervision
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WebPPP Loan Forgiveness Application Form 3508EZ OMB Control No. 3245-0407 Expiration date: 10/31/2024 . Business Legal Name (“Borrower”) DBA or Tradename, if applicable Business Address Business TIN (EIN, SSN) Business Phone ( ) - Primary Contact E-mail Address SBA PPP Loan Number : _____ Lender PPP Loan Number: _____ PPP Loan Amount: WebChannel Secure ... Username: WebSBA Paycheck Protection Platform. The Paycheck Protection Program is a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll. SBA … modified images