Welcome back, PPP. This sequel has been greatly anticipated, as approximately 90% of borrowers say they’ve exhausted their first loan. This lifeline may help many small business owners stay afloat until the economy bounces back.
- Funding for new PPP loans
- Potential to secure a second PPP loan
- Expansion of eligible for Section 501(c)(6) nonprofits
- $15 billion for live venues
- $20 million for Economic Injury Disaster Loan Program
- PPP borrowers are eligible for Employee Retention Credits