Ready to Apply for More Small Business Funding?
Help fund your payroll costs, mortgage interest, rent, utilities, and more. So, be on the lookout the week of January 18th for the second round of PPP (Paycheck Protection Program) applications.
This time around, many small businesses and independent contractors may be eligible for the second draw PPP loans even if you received funds in the first round of PPP.
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
You do NOT have to apply for loan forgiveness before taking a second PPP loan AND limitations for Second Round eligibility do not apply to first-time borrowers.
Click below for more information: