Ppp Loan Still Available 2024. While lenders have until june 30 to finish processing approved loans, new ppp loan applications will not be accepted after the program expires. Ppp now allows certain eligible borrowers that previously received a ppp loan to apply for a second draw ppp loan with the same general loan terms as their first draw ppp.

Round three funding of $284 billion expanded on the original ppp goals of providing loans to businesses for payroll and other costs to help them remain viable and allow. The president of one bank that processed ppp loans, bert talerman of cape cod five cents savings bank, says some may have repaid the money to avoid a potential.