Unlock the Secrets of PPP Loans in Philadelphia: A Comprehensive Guide to Financial Relief
PPP loans Philadelphia are forgivable loans to small businesses and nonprofits in Philadelphia that have been adversely affected by the COVID-19 pandemic. The loans are issued by banks and credit unions and are backed by the Small Business Administration (SBA).
PPP loans can be used for a variety of business expenses, including payroll, rent, utilities, and mortgage interest. The loans are forgivable if the borrower meets certain criteria, such as maintaining payroll levels and using the funds for eligible expenses.