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Can you get a PPP loan in 2022?

Unfortunately, PPP loans in 2022 arent 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. Read on to learn about your options for how to get the funding you need.

How do I get my PPP loan forgiveness letter?

Your lender is responsible for notifying you of the forgiveness amount paid by SBA and the date on which your first payment will be due, if applicable. Borrowers who need assistance with direct forgiveness can contact SBA at our dedicated forgiveness call center: 877-552-2692.

Who is eligible for a PPP loan 2022?

The business must have fewer than 500 employees. The business must meet other SBA requirements. Sole proprietors, independent contractors and self-employed individuals are eligible. Hospitality and food-service businesses with fewer than 500 employees per physical location are eligible.

What is a forgivable loan from an employer?

Forgivable Loans A popular tool used to attract top talent is the employee forgivable loan. Employers often issue these loans as sign-on or retention bonuses to retain and attract top executives. Think of these loans as providing top talent with upfront cash.

Can I still apply for PPP loan 2022?

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

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