How To Apply For The Ppp Loan And Get Approved. It must be current for the month you apply for the ppp loan. Because the sba said it has always said that “you have to certify that you have already used your ppp1 funds to get ppp2”.
Sba is currently offering ppp loans until may 31, 2021. Note that once you submit your application via ppp fast lane and it is forwarded to your lender, your loan approval timeline is. 1) to offer funding to small businesses that didn’t receive a ppp loan the first round and 2) to give certain qualified businesses the chance to get a second ppp loan.
Because you have to get a ppp loan approved before march 31st which a lot of people want that date to be pushed back but if you read the interim final rule in those 32 pages, there is a paragraph.
If the following statements apply to your business, you are eligible to apply for your first ppp loan in 2021. These loans may be completely forgiven if spent on eligible expenses (mainly payroll) during a specific time period. Sba is currently offering ppp loans until may 31, 2021. 2021 ppp loan eligibility first draw ppp loans.