Ppp loan application 2021 - La Mano Nera-2025

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The document is the Paycheck Protection Program (PPP) Loan Forgiveness Application Form 3508S, revised on January 19, 2021. It is intended for borrowers who received a PPP loan of $150,000 or less and outlines the application process for loan forgiveness. The form requires information about the borrower, loan details, and certifications regarding compliance with PPP rules. It specifies eligible payroll and nonpayroll costs for forgiveness, documentation requirements, and responsibilities of the borrower to maintain records. The document emphasizes the importance of accurate reporting and compliance to avoid penalties.

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2021	4.8 Satisfied (42 Votes)
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2020	4.4 Satisfied (52 Votes)

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

Can I still claim PPP loan?

In 2022, the U.S. Small Business Administration (SBA) made it clear that new applications for the Paycheck Protection Program (PPP) were no longer being accepted. However, businesses that had received PPP loans in 2020 and 2021 were still eligible for loan forgiveness.

Will small PPP loans be audited?

When Can a PPP Audit Happen? The Small Business Administration (SBA) can audit your company if it got assistance under this program. An audit is within the SBAs discretion. The SBA has broad authority to conduct audits to ensure loan requirements and eligibility compliance.

Will PPP loans under $150,000 be audited?

Who will be audited? PPP loans in excess of $2 million are automatically triggered for an audit by the SBA. The SBA has created a safe harbor for any PPP loan borrower that, together with its affiliates, received loans of less than $2 million.

What is the threshold for PPP audit?

The U.S. Small Business Administration (SBA) is auditing all companies that received PPP loans of $2 million or greater, and the SBAs Investigations Division, the U.S. Department of Justice (DOJ), and various other federal agencies are also targeting recipients in PPP loan fraud investigations.

Are they still accepting PPP applications?

Unfortunately no. Because eligibility for the program ended in May of 2021, no new applications can be submitted for a PPP loan in 2023.

How do you know if your PPP loan is being investigated?

PPP loans in excess of $2 million are automatically triggered for an audit by the SBA. The SBA has created a safe harbor for any PPP loan borrower that, together with its affiliates, received loans of less than $2 million.

Ppp loan application 2021 - La Mano Nera-2025

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