The Paycheck Protection Program is providing small businesses with the resources they need to maintain their payroll, hire back employees who may have been laid off, and cover applicable overhead.
Small Business Paycheck Protection Program
The Paycheck Protection Program established by the CARES Act, is implemented by the Small Business Administration with support from the Department of the Treasury. This program provides small businesses with funds to pay up to 8 weeks of payroll costs including benefits. Funds can also be used to pay interest on mortgages, rent, and utilities.
See Also
10 important questions to ask the public sector when pursuing a PPP procurementPaycheck Protection Loans Questions AnsweredPPP loan forgivenessPUBLIC-PRIVATE-PARTNERSHIP LEGAL RESOURCE CENTERThe Paycheck Protection Program prioritizes millions of Americans employed by small businesses by authorizing up to $659 billion toward job retention and certain other expenses.
Small businesses and eligible nonprofit organizations, Veterans organizations, and Tribal businesses described in the Small Business Act, as well as individuals who are self-employed or are independent contractors, are eligible if they also meet program size standards.
- Top-line Overview of First Draw PPP (1/8/2021)
- Top-line Overview of Second Draw PPP (1/8/2021)
- Guidance on Accessing Capital for Minority, Underserved, Veteran and Women-Owned Business Concerns (1/6/2021)
- SBA Paycheck Protection Program Loan Report (4/16/2020)
- SBA Paycheck Protection Program Loan Report Round 2 (8/8/2020)
- SBA Paycheck Protection Program Loan Level Data
For Borrowers
- More BorrowerInformation (3/31/2020)
- Search Tool: Find an Eligible Lender
- Borrower Application Form (revised 3/18/2021)
- Second Draw Borrower Application Form (revised 3/18/2021)
- Borrower Application Form for Schedule C Filers Using Gross Income (3/18/2021)
- Second Draw Borrower Application Form for Schedule C Filers Using Gross Income (3/18/2021)
- Applicable Affiliation Rules
- How to Calculate Maximum Loan Amounts for First Draw PPP Loans and What Documentation to Provide – By Business Type (3/12/2021)
- Second Draw PPP Loans – How to Calculate Revenue Reduction and Maximum Loan Amounts Including What Documentation to Provide (3/12/2021)
- Loan Forgiveness Factsheet (10/30/2020)
- PPP – Loan Forgiveness Application and Instructions for Borrowers who Received a PPP Loan of $150,000 or Less – Form 3508S (7/30/2021)
- PPP – Loan Forgiveness Application and Instructions – Form 3508EZ (7/30/2021)
- PPP – Loan Forgiveness Application and Instructions – Form 3508 (7/30/2021)
- PPP – Borrower’s Disclosure of Certain Controlling Interests (7/30/2021)
- Guidance on Refinance of EIDL Loans with PPP Loan Proceeds and Lender Remittance of EIDL Refinance Proceeds to SBA (6/22/2020)
For Lenders
- More Lender Information (3/31/2020)
- Lender Application Form (revised 3/18/2021)
- Second Draw Lender Application Form (revised 3/18/2021)
- Lender Application Form for Federally Insured Depository Institutions, Federally Insured Credit Unions, and Farm Credit System Institutions (4/12/2021)
- Lender Application Form for Non-Bank and Non-Insured Depository Institution Lenders (4/12/2021)
- Guidance on Whole Loans Sales of PPP Loans
- Guidance on PPP Lender Processing Fee Payment and 1502 Reporting Process
- Guidance on Extension of Authority to Guarantee PPP Loans
- Guidance on Updated PPP Lender Processing Fee Payment and 1502 Reporting Process
- Guidance on Procedures for Lender Submission of PPP Loan Forgiveness Decisions to SBA and SBA Forgiveness Loan Reviews
- Guidance on PPP Loans and Changes of Ownership
- Loan Necessity Questionnaire (For-Profit Borrowers)
- Loan Necessity Questionnaire (Non-Profit Borrowers)
- Guidance on Repeal of EIDL Advance Deduction Requirement for SBA Loan Forgiveness Remittances to PPP Lenders
- Guidance on Modifications to SBA Forms 3506, 3507 and 750 CA (for purposes of PPP only)
- Guidance on First Draw Paycheck Protection Program Loan Increases After Enactment of the Economic Aid Act
- Procedural Notice Updated PPP Loan Increases for Extension Act
- Guidance on PPP Borrower Resubmissions of Loan Forgiveness Applications Using Form 3508S, Lender Notice Responsibilities to PPP Borrowers, and Offset of Remittances to Lenders for Lender Debts
- Guidance on PPP Excess Loan Amount Errors
- Guidance on PPP Procedures for Addressing Unresolved Issues on Borrower First Draw PPP Loans
- Updated Guidance on PPP Lender Processing Fee Payment and 1502 Reporting Process
- Revised Paycheck Protection Platform Procedures for Addressing Hold Codes on First Draw PPP Loans and Compliance Check Error Messages on First Draw PPP Loans and Second Draw PPP Loans
- Second Notice of Revised Procedures for Addressing Hold Codes and Compliance Check Error Messages on PPP Loans
- Second Notice on Modifications to SBA Forms 3506, 3507 and 750 CA (for purposes of PPP only)
- Guidance on SBA Guaranty Purchases and Lender Servicing Responsibilities for PPP Loans
Program Rules
- Frequently Asked Questions (5/9/2024)
- Frequently Asked Questions on Loan Forgiveness (10/13/2020)
- Interim Final Rule 1 (originally posted April 2, 2020)
- Interim Final Rule on Applicable Affiliation Rules (originally posted 4/3/2020)
- Interim Final Rule on Additional Eligibility Criteria and Requirements for Certain Pledges of Loans (originally posted 4/14/2020)
- Interim Final Rule on Requirements for Promissory Notes, Authorizations, Affiliation, and Eligibility (originally posted 4/24/2020)
- Interim Final Rule Additional Criterion for Seasonal Employers (originally posted 4/27/2020)
- Interim Final Rule on Disbursem*nts (originally posted 4/28/2020)
- Interim Final Rule on Corporate Groups and Non-Bank and Non-Insured Depository Institution Lenders (originally posted 4/30/2020)
- Interim Final Rule on Nondiscrimination and Additional Eligibility Criteria (originally posted 5/5/2020)
- Interim Final Rule on Extension of Limited Safe Harbor with Respect to Certification Concerning Need for PPP Loan Request (originally posted 5/8/2020)
- Interim Final Rule on Loan Increases (originally posted 5/13/2020)
- Interim Final Rule on Eligibility of Certain Electric Cooperatives (originally posted 5/14/2020)
- Interim Final Rule on Treatment of Entities with Foreign Affiliates (originally posted 5/18/2020)
- Interim Final Rule on Second Extension of Limited Safe Harbor with Respect to Certification Concerning Need for PPP Loan and Lender Reporting (originally posted 5/20/2020)
- Interim Final Rule on Loan Forgiveness (originally posted 5/22/2020)
- Interim Final Rule on SBA Loan Review Procedures and Related Borrower and Lender Responsibilities (originally posted 5/22/2020)
- Interim Final Rule on Eligibility of Certain Telephone Cooperatives (originally posted 6/5/2020)
- Interim Final Rule on Revisions to First Interim Final Rule (originally posted 6/11/2020)
- Interim Final Rule on Additional Revisions to First Interim Final Rule (originally posted 6/12/2020)
- Interim Final Rule on Revisions to the Third and Sixth Interim Final Rules (originally posted 6/17/2020)
- Interim Final Rule on Revisions to Loan Forgiveness Interim Final Rule and SBA Loan Review Procedures Interim Final Rule (originally posted 6/22/2020)
- Interim Final Rule on Additional Eligibility Revisions to First Interim Final Rule (originally posted 6/24/2020)
- Interim Final Rule on Certain Eligible Payroll Costs (originally posted 6/25/2020)
- Interim Final Rule on Appeals of SBA Loan Review Decisions Under the PPP(originally posted 8/11/2020)
- Interim Final Rule on Treatment of Owners and Forgiveness of Certain Nonpayroll Costs (originally posted 8/24/2020)
- Interim Final Rule on Additional Revisions to Loan Forgiveness and Loan Review Procedures Interim Final Rules(originally posted 10/8/2020)
- Interim Final Rule on Paycheck Protection Program as Amended by Economic Aid Act (originally posted 1/6/2021)
- Interim Final Rule on Second Draw Loans (originally posted 1/6/2021)
- Interim Final Rule on Loan Forgiveness Requirements and Loan Review Procedures as Amended by Economic Aid Act (originally posted 1/19/2021)
- Interim Final Rule on Loan Amount Calculation and Eligibility (originally posted 3/3/2021)
- Interim Final Rule on Paycheck Protection Program as Amended by American Rescue Plan Act (originally posted 3/18/21)
- Interim Final Rule on COVID Revenue Reduction Score, Direct Borrower Forgiveness Process, and Appeals Deferment (originally posted 7/28/2021)
- Final Rule on Borrower Appeals of Final SBA Loan Review Decisions (originally posted 9/16/2021)
Previous Versions of Applications
- PPP – Loan Forgiveness Application and Instructions for Borrowers who Received a PPP Loan of $150,000 or Less– Form 3508S (5/24/2021)
- PPP – Loan Forgiveness Application and Instructions – Form 3508EZ (5/24/2021)
- PPP – Loan Forgiveness Application and Instructions – Form 3508 (5/24/2021)
- PPP – Borrower’s Disclosure of Certain Controlling Interests -Form 3508D (1/19/2021)
- Loan Forgiveness Application Form(posted 5/15/2020)
- Borrower Application Form (posted 3/3/2021)
- Borrower Application Form (posted 2/17/2021)
- Borrower Application Form (posted 1/8/2021)
- Borrower Application Form (posted 6/24/2020)
- Borrower Application Form (posted 6/12/2020)
- Borrower Application Form(posted 6/11/2020)
- Borrower Application Form(posted 4/2/2020)
- Borrower Application Form for Schedule C Filers Using Gross Income (posted 3/3/2021)
- Lender Application Form (posted 3/3/2021)
- Lender Application Form (posted 1/8/2021)
- Lender Application Form (posted 6/24/2020)
- Lender Application Form (posted 6/12/2020)
- Lender Application Form(posted 6/11/2020)
- Lender Application Form (posted 4/2/2020)
- Lender Application Form for Federally Insured Depository Institutions, Federally Insured Credit Unions, and Farm Credit System Institutions (7/20/2020)
- Lender Application Form for Federally Insured Depository Institutions, Federally Insured Credit Unions, and Farm Credit System Institutions (posted 4/3/2020)
- Lender Application Form for Non-Bank and Non-Insured Depository Institution Lenders (posted 7/20/2020)
- Lender Application Form for Non-Bank and Non-Insured Depository Institution Lenders (posted 4/8/2020)
- Loan Forgiveness Application Form 3508S Instructions
- Loan Forgiveness Application Form 3508S
- Loan Forgiveness Application Form EZ Instructions
- Loan Forgiveness Application Form EZ
- Loan Forgiveness Application Form Instructions (revised 6/16/2020)
- Loan Forgiveness Application Form(revised 6/16/2020)
- Top-line Overview of PPP (3/31/2020)
- How to Calculate Loan Amounts (revised 6/26/2020)
- Second Draw Borrower Application Form (posted-3-3-2021)
- Second Draw Borrower Application Form (posted 2/17/2021)
- Second Draw Borrower Application Form (posted 1/8/2021)
- Second Draw Lender Application Form (posted 3/3/2021)
- Second Draw Lender Application Form (posted 1/8/2021)
- Second Draw Borrower Application Form for Schedule C Filers Using Gross Income (posted 3/3/2021)
Economic Injury Disaster Loans
In response to the Coronavirus (COVID-19) pandemic, small business owners in all U.S. states, Washington D.C., and territories are eligible to apply for an Economic Injury Disaster Loan advance of up to $10,000. This advance will provide economic relief to businesses that are currently experiencing a temporary loss of revenue. Funds will be made available following a successful application. This loan advance will not have to be repaid.If a business received an Economic Injury Disaster Loan advance in addition to a Paycheck Protection Program (PPP) loan, the amount of the Economic Injury Disaster Loan advance will be deducted from the PPP loan forgiveness amount by SBA.
The SBA’s Economic Injury Disaster Loan providesvital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing as a result of the COVID-19pandemic.
This program is for any small business withfewer than 500 employees (including sole proprietorships, independent contractors and self-employed persons), private non-profit organization or 501(c)(19) veterans organizations affected by COVID-19.
Businesses in certain industries may have more than 500 employees if they meet theSBA’s size standardsfor those industries.
The Economic Injury Disaster Loan advance funds will be made available within days of a successful application, and this loan advance will not have to be repaid.
