Paycheck Protection Program Second Draw Opens For Small Businesses, Hotels, & Restaurants
By EsqSocial Corporation 14/01/21
Signed into law on December 27, 2020, The Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act creates a second opportunity for businesses that have utilized the full amount of their First Draw Paycheck Protection Program (“PPP”) loans. The rules and application process for Second Draw PPP loans generally mirror the rules for the First Draw PPP loans, with several key differences relating to loan amounts, loan eligibility, and forgivable uses......
By: Roetzel & Andress