As of today, the second round of Payment Protection Program (PPP) applications have officially been extended to a May 31st, 2021 deadline.
To be eligible, businesses must:
- show a 25% revenue loss in any quarter of 2020 when compared with the same quarter in 2019
- have employed no more than 300 employees
- have used the entire amount of their first PPP loan or will use such amounts
Reach out to Jennifer Kornman at jkornman@simplyfaster.com or Ben Lucareli at blucareli@simplyfaster.com for more information.
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