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PPP

PPP

1 5.7
A US government loan for small businesses to pay workers and some business costs during emergencies
  • noun
  • /pi pi pi/
  • Formal
: PPP
  • During the crisis, many companies turned to the PPP program to cover their payroll expenses.

The next one is of course the stimulus money right now that's the EIDL on the PPP, which is the payroll protection program.

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Examples

  • Instead it was New York, remember, well, New York didn't get very many of these PPP loans.

  • The next one is of course the stimulus money right now that's the EIDL on the PPP, which is the payroll protection program.

  • In other words, for me to get a loan like PPP, I had to go to my bank.

  • I mean I did that PPP loan with that LLC but that money gone.

  • Even those who took PPP loans and even those who had increases in sales.

  • Well, now, Senator, I know that you have you sent a letter to Secretary Mnuchin asking for better management of PPP loans in the program.

  • And when you contrast that to the PPP loans and the trillions of dollars that the US has taken on in debt to, to bail out people that are in need.

  • I don't know how they found out this info, but they found out which bachelor alumni, as they call them, received PPP loans for their corporations.

  • The small business applied for a PPP loan to help pay its employees during the pandemic.

  • Under the PPP, businesses can receive forgivable loans to assist with payroll and essential bills.

Surface Forms

PPP singular
PPPs plural

Etymology

PPP stands for the Paycheck Protection Program, where paycheck means 'pay for work', protection means 'help', and program means 'a government plan'. So PPP is the 2020 government loan plan made to help small businesses keep paying workers during an emergency.