Ppp Stimulus Package Round 2

The so called second draw ppp will be limited to companies with fewer than 300 employees down from 500 in round one who can show at least a 25 percent drop in revenue for any one quarter this.

Ppp stimulus package round 2. It s been a long time coming. And the latest round of ppp funding adds more eligible forgivable expenses so more small businesses may take advantage of this relief package. Access to capital were favored during the first round of loans that.

As in the first round of ppp you can get up to your average monthly payroll in 2019 times 2 5. One particularly improved provision of the new coronavirus stimulus bill is the second round of covid19 relief that provides paycheck protection program ppp loans to affected and eligible small businesses. The so called ppp second draw is intended to provide loans with a maximum amount of 2 million for smaller and harder hit businesses that previously applied for and received ppp funding.

It s been an unforgivably long time coming but finally a new stimulus package is on its way the consolidated appropriations act signed into law at the end of december 2020 allocates 284 billion to the popular ppp program. Get ready for ppp part 2. Ppp 2021 284b stimulus package.

New funding new rules simplified application. The coronavirus stimulus package passed in december the ppp has been extensively. Crucially the program will give the hardest hit businesses a chance at a.

Find out more about changes to the paycheck protection program ppp as well as changes to the tax law in the new stimulus package pass in december 2020.