The Payroll Protection Program (PPP) is again accepting applications: More than $130 billion in Paycheck Protection Program funding remains for small businesses impacted by COVID-19. Here’s what you need to know.

  1. The new deadline to apply is Aug. 8, 2020. Find a PPP lender to start the application process.
  2. Nonprofits and faith-based organizations, as well as sole proprietors, independent contractors and those who are self-employed are all eligible. To qualify for forgiveness, at least 60% of the loan must be spent on payroll within 24 weeks of disbursement.
  3. Ready to apply for forgiveness? Learn more from the Small Business Administration.