Paycheck Protection Program (PPP) Loans Small Business Resource Hub

Learn about the SBA's Paycheck Protection Program loan, loan forgiveness, qualifications, applications and more. Our PPP resource hub is designed to help you navigate difficult times with confidence.

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PPP Loan Eligibility

Whether you are applying for your first or second PPP loan, there are certain criteria you need to meet in order to be eligible to apply. Note: the eligiblity criteria has changed from the first round in 2020.

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Applying for the PPP

Check out our step-by-step guides for how to submit your first draw and second draw PPP loans applications, making sure you will be able to meet the criteria to have your loan later forgiven.

PPP Loan Forgiveness

In order to have your loan forgiven, you must follow the rules of the Paycheck Protection Program. Get a clear picture of what is required, and how to sumbit your forgiveness application to your lender.

Small Business Relief

Get in the know on what other relief funding is available to you as a small business owner. Explore our resources to decide which source of relief is right for you and how you can apply.

Update: Paycheck Protection Program Application Closure

May 5th, 2021

Yesterday, the general fund for the Paycheck Protection Program (PPP) unexpectedly ran out.

The SBA has now closed the PPP loan application portal to all new applications.

There is a reserve of funds still available for prospective borrowers applying through community financial institutions (CFIs) only and for applications previously submitted that have not yet been reviewed by the SBA. This means you may receive funding if you have already submitted an application, however, it is not guaranteed. We will provide more information when it becomes available.

Have a question about the PPP? Join our Facebook group and get your questions answered.

PPP & Financial Relief Hub - Powered by Bench

Instructional Video Resources

Our financial relief research team simplify some of the more complicated aspects of the PPP. Apply for a loan with confidence with a video walkthrough on loan amount calculation. Or learn about how the PPP differs for seasonal businesses. Whatever your question, get the information you need delivered with a friendly voice and a smile.

How Bench Can Help with PPP Loan Forgiveness

Bench has a team of specialists who can help you understand how loan forgiveness works and what is required to ensure your forgiveness application is approved.

With Bench, you get a dedicated bookkeeper to complete your monthly books and powerful reporting software for a crystal clear view of your finances. Having solid books allows you to easily track how you spend your loan—making forgiveness easier and less stressful than you think. The best part? All of our services are eligible expenses for PPP forgiveness.

Our team of experts will:

  • Track your loan on your profit & loss and balance sheet, and provide the supporting documents needed for your forgiveness application
  • Provide helpful webinars, resources, and answer any of your question surrounding PPP forgiveness so you have advocates on your side throughout the process
  • Present a year end financial package at tax time with everything you need to file your taxes

With our support, we can help you make the most of this financial opportunity to propel your business through 2021.


Helping over 10,000 small businesses across America

‘‘In the beginning of the pandemic, Bench was the only place where I could really get trustworthy information about PPP loans. I am very happy with EVERYTHING that is Bench!
Brette
‘‘[On getting help after being left waiting by other banks] After two months of not getting anything, I was approved within two hours. Bench arrived on the scene faster than most emergency services.
Dave
‘‘They've been incredibly helpful during the pandemic navigating the PPP loan questions I've had and the personal touch to their customer service experience far exceeds any other.
Tessa

Report: Did small businesses get the support they needed in 2020?

The Paycheck Protection Program and EIDL were offered to small businesses as support as COVID forced closures. In our study, we found that a staggering 80% of small businesses did not get the support they needed. Read why and get more of our findings in our study: "How Effective Was the PPP? A Study of Small Businesses."


Applying for PPP

Ready to start your PPP loan application? We've put together step-by-step guides for how to submit your first draw and second draw PPP loans applications. Before you apply, check out the articles below on loan forgiveness, to make sure you will be able to meet the criteria to have your loan later forgiven.



PPP loan forgiveness starts with good books

With up-to-date bookkeeping and organized financials, it’s easy to prove that your expenses are eligible for PPP loan forgiveness.