Is collateral required for the PPP loan? Jack McNeilly June 10, 2020 18:36 Updated No, there is no collateral required for the Paycheck Protection Loan. Related articles Is there a personal guarantee with the PPP? What is the maximum amount I can qualify for? What is the Paycheck Protection Program (PPP)? If I applied for an EIDL (SBA Disaster Loan), am I still eligible for this program? Who is not eligible for the PPP Loan? Comments 0 comments Article is closed for comments.