Felon Participation

Are convicted felons eligible for the PPP?

Yes, felons are eligible for a PPP loan under certain standards.

Ineligibility is based on if an owner of 20% or more in the equity of the business is:

  • Currently incarcerated
  • Currently on probation
  • Currently on parole
  • Currently subject to an indictment, criminal information, arraignment or other means by which formal criminal charges are brought in any jurisdiction


  • Within the last five years for any felony has been convicted, pleaded guilty, pleaded nolo contendere, been placed on pretrial diversion or been placed on any form of parole or probation including probation before judgement.
  • The disqualifying rules above apply if an owner of 20% or more of the equity of the applicant are in effect.