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STREET Youth Programs Application Form
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What is paycheck protection program borrower?
A paycheck protection program borrower is an individual or business that has received a loan under the Paycheck Protection Program (PPP), which was designed to help small businesses keep their workforce employed during the COVID-19 pandemic.
Who is required to file paycheck protection program borrower?
Any borrower who received a PPP loan must file for loan forgiveness or report information as required by their lending institution or the Small Business Administration (SBA).
How to fill out paycheck protection program borrower?
To fill out the paycheck protection program borrower application, the borrower must provide relevant business information, the amount of the requested loan, and documentation supporting payroll and eligible expenses.
What is the purpose of paycheck protection program borrower?
The purpose of the paycheck protection program borrower is to receive financial assistance to cover payroll costs and other eligible expenses, thereby helping businesses maintain their operations during economic disruptions.
What information must be reported on paycheck protection program borrower?
The borrower must report information including the number of employees, payroll costs, covered expenses, and any changes to business operations that impact the loan's eligibility for forgiveness.
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