Certified CDFIs are also endorsed to help disburse ascendus PPP funds. Small businesses, microenterprises, and low-income communities benefit from the affordable lending CDFIs provide.

What companies are eligible for PPP?

Who Qualifies for a PPP Loan? Any small business with 500 or fewer employees may be eligible. This includes small businesses, S corporations, C corporations, LLCs, private nonprofits, faith-based organizations, tribal groups and veteran groups.

Who qualifies for new PPP?

To qualify, your business must have been in operation since at least February 15, 2020. You also have to fit into one of the following groups: A small business or nonprofit organization with 500 or fewer employees.