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.

Read More:

https://www.journalofaccountancy.com/news/2021/mar/senate-passes-ppp-application-deadline-extension.html

Application Details Below:

https://www.sba.gov/funding-programs/loans/covid-19-relief-options/paycheck-protection-program/second-draw-ppp-loan