How To Apply For The Ppp Loan For Small Business. Establishes a new round of ppp loans for eligible businesses. However, to prove you were in operation as a sole proprietor or contractor, you’ll need to provide a 2020 invoice, bank statement, or book of record establishing that you were in operation on or around february 15, 2020.
The maximum loan amount for a second loan is $2 million. If you meet the qualification requirements listed above, you should act quickly to apply for your ppp loan. 15, 2020, as well as belong to one of the following groups:
Business owners will be able to begin applying for these loans starting january 11, 2021.
19, the small business administration (sba) has announced. The ppp loan has specific guidelines for use than other sba loans, especially if you are looking for 100% loan forgiveness. Ppp is a loan designed to provide a direct incentive for small businesses to keep their workers on payroll. The maximum loan amount for a second loan is $2 million.