Is The Ppp Loan Back 2024 Or 2024. Washington—today, the small business administration (sba), in consultation with the department of the treasury, released the paycheck protection. 8 by the small business administration shows the vast majority of paycheck protection program loans have.
Businesses that utilized at least 60% of their ppp loan for payroll expenses within a timeframe of 8 to 24 weeks from the loan’s receipt were eligible to apply for loan. Ppp loans have an interest rate of 1%.