Paycheck Protection Program (PPP) Round 2
Tuesday, January 12, 2021 – Included among the $900 billion COVID relief within the Consolidated Appropriations Act signed into law on December 27, 2020, was reauthorization and modification of the Paycheck Protection Program (PPP): new PPP loans for businesses that did not already receive a PPP loan AND a second round of PPP funding for businesses who received funding from the first round.
Second round PPP applications became active on Monday, January 11, 2021, for some entities (e.g., veteran-owned, woman-owned, minority-owned, etc.). Applications are scheduled to be open for everyone as early as tomorrow, January 13. Contact your lender for more information.
A topline overview of the first PPP draw, the second draw, and more detailed information can be found on the Treasury website.
If you’re having trouble navigating the whole PPP loan and forgiveness process, give us a call. We can help.