Paycheck Protection Program

GPTKB entity

Predicate	Object
gptkbp:instanceOf	loan program
gptkbp:additionalFunding	$310 billion
gptkbp:administeredBy	gptkb:Small_Business_Administration
gptkbp:applicationDeadline	April 3, 2020 to May 31, 2021
gptkbp:country	gptkb:United_States
gptkbp:createdBy	gptkb:CARES_Act
gptkbp:dateEnacted	2020
gptkbp:eligibility	independent contractors nonprofit organizations small businesses self-employed individuals veterans organizations tribal businesses
gptkbp:filingMethod	2 years
gptkbp:forgivenessRequirement	at least 60% spent on payroll remaining 40% on rent, utilities, mortgage interest
https://www.w3.org/2000/01/rdf-schema#label	Paycheck Protection Program
gptkbp:initialFunding	$349 billion
gptkbp:loanForgiveness	available if certain conditions met
gptkbp:mainInterest	1%
gptkbp:maximumLoanAmount	2.5 times average monthly payroll
gptkbp:numberOfLoans	over 11 million
gptkbp:purpose	provide loans to small businesses help businesses retain employees during COVID-19 pandemic
gptkbp:relatedLegislation	gptkb:Economic_Aid_to_Hard-Hit_Small_Businesses,_Nonprofits,_and_Venues_Act gptkb:Paycheck_Protection_Program_Flexibility_Act
gptkbp:relatedTo	gptkb:COVID-19_pandemic
gptkbp:totalLoansApproved	over $800 billion
gptkbp:website	https://www.sba.gov/funding-programs/loans/covid-19-relief-options/paycheck-protection-program
gptkbp:bfsParent	gptkb:COVID-19_economic_response gptkb:U.S._United_States_Small_Business_Administration gptkb:COVID-19_Financial_Assistance_and_Debt_Service_Relief gptkb:PPP
gptkbp:bfsLayer	5