Is PPP money still available?

The PPP ended on May 31, 2021. Existing borrowers may be eligible for PPP loan forgiveness. SBA also offers additional COVID-19 relief.

Is PPP coming back 2022?

Unfortunately, PPP loans in 2022 aren't happening –– eligibility for the program ended in May 2021 and there are no signs of it coming back. There are other options for securing small business funding besides PPP loans.

Is there anymore PPP money left?

No! The PPP expired on September 30, 2021, but Congress has legislation pending that would extend the program through 2022. If the government passes this legislation, businesses will be able to make PPP loan applications through December 31, 2022.

Is there a 3rd round of PPP coming?

Your Paycheck Protection Program (PPP) loan must be used for payroll, mortgage interest, rent expenses, or utilities. In this third round, you may choose your own covered period between 8 and 24 weeks, meaning expenses incurred in that period would be eligible to be paid for by the PPP loan.

Is PPP coming back 2023?

Will there be a new PPP loan in 2023? While it's impossible to predict with any certainty the future plans of the federal government, it is unlikely that there will be an additional paycheck protection program in 2023.

NEW PPP Round 3 P4 Forgivable Loan Grant Update for Small Business

Will PPP loan open again?

Notice: PPP ended May 31, 2021

The PPP ended on May 31, 2021. Existing borrowers may be eligible for PPP loan forgiveness. SBA also offers additional COVID-19 relief.

What PPP loan bill passed 2022?

H.R. 7352, the “PPP and Bank Fraud Enforcement Harmonization Act of 2022,” which establishes a ten-year statute of limitations for fraud by borrowers under the Small Business Administration's Paycheck Protection Program.

Did they pass the bill for the PPP loan?

As part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, Congress created the "Paycheck Protection Program" (PPP) to provide loans to help small businesses stay afloat and retain employees during the COVID-19 pandemic.

What is the new PPP bill?

H.R. 1799, the “PPP Extension Act of 2021,” which extends the Paycheck Protection Program (PPP) application deadline to May 31, 2021; and extends the PPP authorization through June 30, 2021 to provide the Small Business Administration additional time to process applications received by the application deadline.

What is the new law for PPP loan?

On August 5, 2022, President Biden signed the PPP and Bank Fraud Enforcement Harmonization Act of 2022 (HR7352) that establishes a 10-year statute of limitations for criminal charges and civil enforcement against a borrower who engages in fraud with respect to a Paycheck Protection Program loan.

Is there any PPP in the new stimulus bill?

Stimulus package includes more PPP

The new stimulus bill provides for $284 billion in additional funds for the Paycheck Protection Program.