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PPP Loan definition

PPP Loan has the meaning set forth in Section 3.28.
PPP Loan means any covered loan obtained under 15 U.S.C. 636(a)(36) (as added to the Small Business Act by Section 1102 of the CARES Act).
PPP Loan means that certain loan in the original principal amount of $228,464 made by the PPP Lender to the Company pursuant to the Paycheck Protection Program under the CARES Act, and all accrued and unpaid interest thereon and any penalties or premiums which may become payable with respect thereto, which loan is evidenced by that certain Paycheck Protection Program Promissory Note, dated April 20, 2020.

Examples of PPP Loan in a sentence

  • PPP Loan Disbursement Date: Enter the date that you received the PPP loan proceeds from the Lender.

  • Lender PPP Loan Number: Enter the loan number assigned to the PPP loan by the Lender.

  • PPP Loan Amount: Enter the disbursed principal amount of the PPP loan (the total loan amount you received from the Lender).

  • SBA PPP Loan Number: Enter the loan number assigned by SBA at the time of loan approval.

  • Lender consents and agrees to all rights and remedies available to SBA under the Small Business Act, the Paycheck Protection Program and PPP Loan Program Requirements, as each of those are amended from time to time, and any other applicable law.


More Definitions of PPP Loan

PPP Loan means (i) any covered loan under paragraph (36) of Section 7(a) of the Small Business Act (15 U.S.C. 636(a)), as added by Section 1102 of the CARES Act, or (ii) any loan that is an extension or expansion of, or is similar to, any covered loan described in clause (i).
PPP Loan means the loan the Company received on or about April 8, 2020, in the original principal amount of $2,063,100, plus all interest accrued thereon, under the Paycheck Protection Program administered by the U.S. Small Business Administration and pursuant to the Coronavirus Aid, Relief, and Economic Security Act.
PPP Loan means any Paycheck Protection Program loan obtained by the Company under the CARES Act.
PPP Loan means any loan made by a U.S. Small Business Administration (“SBA”) qualified lender to a Credit Party and guaranteed by the SBA pursuant to the Paycheck Protection Program provisions of the CARES Act.
PPP Loan means the loan in principal amount of $673,184 issued to the Company by the PPP Lender pursuant to the promissory note dated April 20, 2020.
PPP Loan means a Paycheck Protection Program Loan pursuant to Section 1102 of the CARES Act.