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Writer's pictureOnna H.

PPP: What’s In It For Me?

Updated: Apr 25, 2021

Have You Applied Yet?


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NOTE: All information in this blog is sourced from www.sba.gov

This is the reason this post has so many hyperlinks.


UPDATE: The deadline has been pushed back to May 31, 2021


To be 100 with ya'll, when I heard about the second round of PPP, but I wasn't sure about it. SBA Loans are not to be taken lightly EVER. But the more I educated myself on the matter, I decided to go for it. Here were some of the questions I needed answers for that I found all on the Small Business Association (SBA) website at www.sba.gov

NOTE: Make sure you are going to sba.GOV not .com



What is PPP?

PPP stands for the Paycheck Protection Plan Loan.


How Do I Know If A Lender Is Legit To Help Me Apply For The PPP?

Do your research. Make sure the company is legit and authorized to submit your PPP application. The SBA is accepting applications from lenders who submit on your behalf so you need a lender to help you. The SBA has provided a tool to help you find a lender that can help you apply for a PPP loan, click here. If you do not see the lender you want to use in this tool, that may not automatically mean that the lender you want to use isn't qualified, it means you need to do more research on the lender you want to use to ensure they can actually help you with the PPP loan.


I Was Told You Have To Pay A Service Fee To Get A Lender To Help You Apply?

There are plenty of lenders and I mean PLENTY of lenders who are helping for free. However, some lenders may require that you have a ...


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WHY WOULD YOU WANT TO READ THE REST OF THIS BLOG?

✅ If you wonder about eligibility...

✅ If you wonder about what you would need to apply...

✅ If you wonder how people are getting $20,000 from the PPP Loan business...

✅ If you wonder how to get the loan forgiven...

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