![]() ![]() The PayPal site says:īecause the funding allocated by the US Government for the Paycheck Protection Program has been fully distributed, we are currently not accepting new applications. Status: Discontinued until Congress approves new funding. Go here and scroll down for a list of documents you’ll need, no matter where you apply. Go here for how to apply, including an FAQ. We’re working as quickly as possible to launch a simple application and funding process for the Paycheck Protection Program directly within QuickBooks. We’re committed to providing access to the relief your business needs. As of April 16, the QuickBooks Capital site says: Promises to be streamlined for customers of QuickBooks Payroll. However, the Live Oak Bank site offers several downloadable resources and a link to a searchable database of SBA-approved lenders. Status: We did not find a link to an application. Note that these lenders are examples, not recommendations. It is difficult to find information about the SBA loans on commercial lenders’ websites. Online lenders like QuickBooks Capital, PayPal, Square, Lendio, and Kabbage have received permission from US Treasury Department to deliver PPP loans, according to business advisor Gene Marks, in the same audioconference. If or when the program receives more funding, remember that your bank is not your only source of PPP loans. The PPP may be expanded or a new program put in place. The program isn’t shuttered just because it ran out of money, noted Stephen Amdur, a private equity lawyer appearing in the New York Times DealBook audioconference on Wednesday.Īmdur believes Congress will offer a new infusion of cash. The PPP ran out of money before I had a chance to apply or was approved. As of press time, Congress could not come to an agreement, so both PPP and Economic Injury Disaster Loans will remain on hold until next week.īut you have other options for help right now. The latest update from a mainstream news source says that Congress will continue to hash out funding. The status of the Paycheck Protection Program loans is changing fast. " Paycheck Protection Program.Don’t despair. Proper Treatment of Improperly Forgiven PPP Loans," Pages 1, 7. " Office of Chief Counsel Revenue Service Memorandum. " PPP Second Draw Borrower Application Form." Download PDF. " PPP First Draw Borrower Application Form." Download PDF. " The Paycheck Protection Program Is Out of Money." ![]() " Guidance on Accessing Capital for Minority, Underserved, Veteran and Women-Owned Business Concerns," Pages 1-2. " Business Loan Program Temporary Changes Paycheck Protection Program as Amended by Economic Aid Act,". " H.R.1799 - PPP Extension Act of 2021: Summary." " Business Loan Program Temporary Changes Paycheck Protection Program Second Draw Loans," Pages 11-12. " Business Loan Program Temporary Changes Paycheck Protection Program Second Draw Loans,". " Business Loan Program Temporary Changes Paycheck Protection Program as Amended by Economic Aid Act," Pages 13–14. " SBA Paycheck Protection Program (PPP) Loan Forgiveness: In Brief," Pages 1, 3. " SBA Re-Opening Paycheck Protection Program to Small Lenders on Friday, January 15 and All Lenders on Tuesday, January 19."Ĭongressional Research Service. " 60,000 Paycheck Protection Program Loans Approved in First Week." " Paycheck Protection Program First Draw Loans." " Paycheck Protection Program Second Draw Loans." " FACT SHEET: Biden-Harris Administration Increases Lending to Small Businesses in Need, Announces Changes to PPP to Further Promote Equitable Access to Relief." " H.R.133 - Consolidated Appropriations Act, 2021." " H.R.266 - Paycheck Protection Program and Health Care Enhancement Act." " SBA and Treasury Announce PPP Re-Opening Issue New Guidance." " SBA Paycheck Protection Program (PPP) Loan Forgiveness: In Brief," Pages 1-2. " SBA Paycheck Protection Program (PPP) Loan Forgiveness: In Brief,". ![]() Covered worker protection expenses including operating or capital expenditures required to comply with requirements or guidance issued by the CDC, HHS, OSHA, or any state or local government during the period beginning March 1, 2020, and ending on the date when the national emergency expiredĬongressional Research Service.Listed supplier costs including payments to a supplier of goods that were essential to operations and made pursuant to a contract or order in effect at any time before the covered period or, with respect to perishable goods, in effect at any time during the covered period.Covered property damage costs including costs related to damage or vandalism caused by looting or public disturbances in 2020 that were not covered by insurance or other compensation.Certain operations expenses including business software business-related cloud computing services product or service delivery payroll processing, payment, and tracking costs HR and billing functions tracking of supplies, inventory, records, and expenses. ![]()
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