Paycheck Protection Program (PPP) + Loan Forgiveness

The SBA resumed accepting Paycheck Protection Program applications from participating lenders on Monday, April 27, 2020 at 10:30am EDT.

PPP FAQ - UPDATED MAY 27, 2020
PPP Loan Forgiveness Application

PPP Webinars

PPP 2.0: How to Maximize Loans and Meet the New Forgiveness Guidelines

Bennett Thrasher + Georgia Restaurant Association

Friday, June 12, 2020 

VIEW RECORDING

SLIDE DECK


PPP Forgiveness Updates

Georgia Restaurant Association + Moore Colson

Friday, May 29, 2020

VIEW RECORDING

SEE SLIDE DECK


PPP Loan Forgiveness: A Step-By-Step Explainer with Q&A

U.S. Chamber of Commerce

Friday, May 29, 2020

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Restaurant Rebound Series: The Meat and Potatoes of PPP and Forgiveness

University of Georgia Small Business Development Center + Restaurant Informer + Georgia Restaurant Association

Tuesday, May 19, 2020

VIEW RECORDING

SEE SLIDE DECK

SBA PPP Loan Forgiveness Application


How to Best Prepare for PPP Loan Forgiveness

Aprio, LLP

Monday, May 18, 2020

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Paycheck Protection Program (PPP) Loan + Forgiveness Updates

Georgia Restaurant Association + Aprio, LLP

Thursday, May 14, 2020

VIEW RECORDING

Program Overview

The Paycheck Protection Program is designed to provide a direct incentive for small businesses to keep their workers on payroll by providing each small business a loan up to $10 million for payroll and certain other expenses. 

If all employees are kept on payroll for eight weeks, SBA will forgive the portion of the loans used for payroll, rent, mortgage interest, or utilities. Up to 100 percent of the loan is forgivable.

Eligibility

Businesses – including eligible non-profits, Veterans organizations, Tribal concerns, sole proprietorships, self-employed individuals, and independent contractors described in the Small Business Act – with 500 or fewer employees may apply.

Businesses in certain industries may have more than 500 employees if they meet the SBA’s size standards for those industries.

When to apply

Starting April 3, 2020, small businesses and sole proprietorships can apply. Starting April 10, independent contractors and self-employed individuals can apply. We encourage you to appy as quickly as you can because there is a funding cap.

How to apply

You can apply through any existing SBA 7(a) lender or through any federally insured depository institution, federally insured credit union, and Farm Credit System institution that is participating. Other regulated lenders will be available to make these loans once they are approved and enrolled in the program. You should consult with your local lender as to whether it is participating. All loans will have the same terms regardless of lender or borrower. A list of participating lenders as well as additional information and full terms can be found at www.sba.gov.

Other Assistance

In response to the Coronavirus (COVID-19) pandemic, small business owners in all U.S. states, Washington D.C., and territories are currently eligible to apply for disaster assistance.

Enhanced Debt Relief is also available in SBA’s other business loan programs to help small businesses overcome the challenges created by this health crisis.

For information on additional Lending options, please click here.

SBA provides local assistance via 68 district offices and a nationwide network of resource partners. To find resources near you, please click here.