New Ppp Loan 2024 Update. In order to qualify for full forgiveness, at least 60% of a borrower's ppp loan has to be spent on payroll (it's called the paycheck protection program, after all), meaning eligible businesses are obligated. On january 8, 2021, the u.s.

Washington—today, the small business administration (sba), in consultation with the department of the treasury, released the paycheck protection. 133—consolidated appropriations act, 2021 into.