How To Apply For Ppp Loan 2024au. Ppp borrowers can use this time to apply for loan forgiveness and covid eidl borrowers can explore repayment options,. The small business administration (sba) closed the paycheck protection program (ppp) to new applications on may 31, 2021.
Here, we’ll cover how you can apply and also walk you through the application form for your first ppp loan. To be eligible for full loan forgiveness, ppp borrowers will have to spend no less than 60% of the funds on payroll over a covered period of either eight or 24 weeks.