What Is the Paycheck Protection Program (PPP) loan?

Published: 14 April 2020
on channel: Fundera by NerdWallet
7,140
47

Fundera's SBA expert Seth Nelson explains what the PPP loan is, how you can use PPP funds, who can apply for a PPP loan, and where to apply.

Fundera's PPP application: https://www.fundera.com/ppp

Fundera's PPP Guide: https://www.fundera.com/business-loan...

Fundera's COVID-19 Relief Page: https://bit.ly/34q573v

Video Index:

1:57 - Intro to PPP
2:28 - PPP Overview
5:53 - Who's eligible to apply for a PPP loan
8:54 - Eligible use of PPP funds
12:00 - Average monthly payroll cost
14:20 - Forgiveness rules
17:46 - Forgiveness process
19:00 - Application dates
20:48 - Documents needed to apply

Part 1: "Should You Apply for an EIDL?": https://bit.ly/3e6PB0R
Part 2: "How to Apply for an EIDL": https://bit.ly/2XrmvU3


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