Sba Ppp Loan 2024 Notification.  — washington—today, the small business administration (sba), in consultation with the department of the treasury, released the paycheck protection program (ppp) loan forgiveness application and detailed instructions for the application.  — maximum loan amount and increased assistance for accommodation and food services businesses for most borrowers, the maximum loan amount of a second draw ppp loan is 2.5x the average monthly 2019 or 2020 payroll costs up to $2 million.

The benefits of getting, and staying, current on sba loans include better credit scores, which make it cheaper and easier to buy a home or car in the future;  — businesses that appealed sba loan decisions now may have up to 6 months longer to begin paying back ppp loans.