Ppp Loan App 2024 Ny. First draw ppp loans can be used to help fund payroll costs, including benefits, and may also be used to pay for mortgage interest, rent, utilities, worker protection costs related. Starting today, eligible quickbooks ยฎ customers who received their first paycheck protection program (ppp) loan of $150,000 or less through quickbooks.
Ppp loans are designed to be forgivable if the funds are used for eligible expenses, which primarily includes payroll costs, rent, utilities, and mortgage interest. Lenders typically decide when to submit individual ppp loan applications to sba.