QuickBooks created an easy way to apply for a Paycheck Protection Program (PPP) loan. The program is part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which allotted approximately $659 billion in forgivable loans to help cover eligible small business expenses.
If you’re a Payroll customer, sign in to see if you’re eligible to apply for a PPP loan application.
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Relief programs are evolving regularly. For the most up-to-date information, visit SBA.gov.
You’ll need to gather the following information before you apply for a PPP loan.
To apply with a lender other than QuickBooks Capital, you may need 3 things:
If you filed your 2019 taxes with TurboTax Self-Employed and are a QuickBooks Self-Employed customer:
In general, small businesses with fewer than 500 employees are eligible to apply for a Paycheck Protection Program loan. You must have also been in business on or before February 15, 2020.