Ppp Loan 2024 Forgiveness. As of 2024, a significant portion of the paycheck protection program (ppp) loans, specifically 96%,. Frequently asked questions (5/9/2024) frequently asked questions on loan forgiveness (10/13/2020) interim final rule 1 (originally posted april 2, 2020).

The eidl offers two programs for businesses. For your loan to qualify for full forgiveness, small business borrowers must spend at minimum 60% of the ppp funds on payroll (previously 75% under the old forgiveness.