WebThe first round of the Paycheck Protection Program (“PPP”) authorized up to $349 billion in forgivable loans to small businesses to pay their employees during the COVID-19 crisis. In early May 2024, Congress provided an additional $320 billion in funding for PPP loans. WebFeb 21, 2024 · The second round of the Paycheck Protection Program (PPP) opened to eligible borrowers January 19, 2024. The Consolidated Appropriations Act 2024 includes a second round of funding for the PPP, aimed to help small businesses that remain financially impacted by the pandemic.
Tracker: Paycheck Protection Program Loans - AAF
WebBuilding on the success of the first round of PPP, SBA is continuing to address potential barriers to access to capital for minority, underserved, veteran, and women-owned business concerns. ... • $15 billion across first and second draw PPP loans for lending by community financial institutions; • $15 billion across first and second draw ... Web(PPP) Report: Second Round Approvals from 4/27/2024 through 05/01/2024. Summary for Second Round 2 Loan Count Gross Dollars Lender Count 2,211,791 $175,743,247,908 … blackwater adventure rally 2022
PPP Is Out of Money - Is the PPP Loan Program Over? - PPP Ran ...
WebSecond PPP loan details Loan amount: Up to 2.5x your business’s average monthly payroll costs up to $2 million. Accommodation and food services businesses (NAICS codes starting with 72) could’ve borrowed up to 3.5x. Interest rate: 1%, fixed Term: 5-years; payments were not made until loan forgiveness was determined Fees: No fees WebJan 7, 2024 · Borrowers are eligible for a second-draw PPP loan of up to $2 million, provided they have: 300 or fewer employees. Used or will use the full amount of their first PPP loan … WebMay 31, 2024 · As of 5/31/2024, and for Round Three loans only, loans under $50K represent 87 percent of total PPP loans, and 33 percent by value. Loans over $5m are less than 1 percent of total PPP loans and 1 percent of loan value. Demographic Data. For Round Three of the PPP the SBA is now reporting on PPP recipients by gender, ethnicity, and veteran … blackwater adventure rally 2023