Paycheck Protection Program (PPP) Round 2 Application and March 31, 2021

PPP Loan Round 2

On December 27, the President signed into law the Consolidated Appropriations Act, 2021. The Act includes a roughly $900 billion COVID-19 relief package, known as the “Economic Aid to Hard-Hit Small Businesses, Nonprofits and Venues Act” (“Economic Aid Act”). The Economic Aid Act makes available approximately $284.5 billion in new Paycheck Protection Program (“PPP”) funding and reopens the PPP for first- and second-draw loans on terms that are generally favorable to microbusinesses. The application period for PPP Round 2 loans will end on March 31, 2021.

Keep in mind the rules to be eligible for the Second draw of PPP:

Therefore, if you think you may qualify for the Second draw of PPP funding let us know how we can help, so you can take advantage of this to help your business.

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