Who Is Not Eligible for a PPP Loan? [2025 Guide for U.S. Small Business Owners]
What Is a PPP Loan? The Paycheck Protection Program (PPP) was introduced by the U.S. federal government in 2020 to help small businesses retain employees during COVID-19. Although funding officially ended in 2021, eligibility rules still apply for loan forgiveness, appeals, and post-audit reviews in 2025. So, understanding who is not eligible for a PPP […]