What Small Business Owners Need To Know About The New Round Of PPP Loans

  • 📰 Forbes
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 53%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Here's what small business owners need to know about the new round of PPP loans:

When the Economic Aid Act was passed on December 27, 2020, the legislation gave SBA 10 days to provide guidance on the contents and execution of the bill. With the opening of applications for CDFI lenders going live this week, it should not be much longer before the program is opened up to the vast majority of lenders and borrowers.

with a provisional PPP application. Once the pre-application process is complete, applicants will be able to submit their funding request as soon as the SBA and the Treasury Department open up the program.Businesses may qualify for a second PPP loan by showing a 25% decrease in revenue. According to the latest Interim Final Rule on second draw PPP loans, revenue is captured using gross receipts.

If my company took the maximum 2.5x payroll in the first round, am I still eligible for a second PPP loan?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 394. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

ChinaMustPay

Ra ☀️🔺👁️👌 E🧕:he ne :P:P:P ☀️:Öyle olsun🧠yazan klavye şampiyonu ben sana pinterestimde kaç bin yıl önceden Pp 📷 adıyım sen gül güçlüsün kudretlisin Senle görüzcez kızım sen dur ❤️🧡💛💚💙💜🖤💐🌹🥀🌷🌺🌸🏵️🌻🌼💮

Putting this article behind a pay wall is an embarrassment! Biz owners are broke and scrambling for info. Not to mention we don't have disposable $ to afford this. Your priorities do not match pur reality. You should be ashamed

Please help to stop mass of Ginocide looting starvation sexual harasment on infant babys in Tigray by Amhara Ethiopian and Eritrean Army?

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines