Does Cash App accept PPP loan deposits?

Cash app is taking PPP loan deposit.

Cash App allows users to transfer money to one another using a mobile phone app. The service which is available in the US and the UK has recorded 36 million active users as of March 21, 2021.

Is Cash App accepting PPP loan deposit?

Yes.

According to the support team on Twitter, you can deposit funds from a PPP loan into your Cash App account through direct deposit.

“Note: direct deposits cannot exceed $25,000 per day. If attempted, it will be returned to the originating depositor.” CashApp support said.

PPP Loan

The Paycheck Protection Program (PPP) is a loan designed to provide a direct incentive for small businesses to keep their workers on payroll. 

The loans are intended to be forgiven rather than repaid, as long as the recipients can show that they put the money to good use and avoided slashing employment or salaries.

Next Post

Has Restaurant Revitalization Fund run out of money?

Thu May 27 , 2021
<div class="at-above-post addthis_tool" data-url="https://www.gistvic.com/news/cash-app-ppp-loan-deposits/"></div>The Restaurant Revitalization fund (RRF) program seems to have ran out of money and its making users worried. “After an overwhelming response to the Restaurant Revitalization Fund, the application portal is now closed for new applications.” The RRF website reads. The U.S. Small Business Administration has closed new applications for […]<!-- AddThis Advanced Settings above via filter on get_the_excerpt --><!-- AddThis Advanced Settings below via filter on get_the_excerpt --><!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons above via filter on get_the_excerpt --><!-- AddThis Share Buttons below via filter on get_the_excerpt --><div class="at-below-post addthis_tool" data-url="https://www.gistvic.com/news/cash-app-ppp-loan-deposits/"></div><!-- AddThis Share Buttons generic via filter on get_the_excerpt -->
Restaurant Revitalization Fund website
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