First Draw PPP loan | U. S. Small Business Administration First Draw PPP loans can be used to help fund payroll costs, including benefits, and may also be used to pay for mortgage interest, rent, utilities, worker protection costs related to COVID-19, uninsured property damage costs caused by looting or vandalism during 2020, and certain supplier costs and expenses for operations
PPP lender information | U. S. Small Business Administration This notice provides guidance on the procedures for completing whole loan sales of PPP loans between participating lenders SBA Procedural Notice on Lender Processing Fee Payment and 1502 Reporting Process for PPP
SBA PPP Platform SBA will forgive loans if all employee retention criteria are met, and the funds are used for eligible expenses The Paycheck Protection Platform allows lenders to submit PPP loan requests and their forgiveness decisions to the SBA
Second Draw PPP loan | U. S. Small Business Administration PPP now allows certain eligible borrowers that previously received a PPP loan to apply for a Second Draw PPP loan with the same general loan terms as their First Draw PPP loan