PPP Update: New Round with Some New Rules
By EsqSocial Corporation 28/01/21
On December 27, 2020, the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act was signed into law as part of the Consolidated Appropriations Act, 2021 (the Act). The Act reopens the Paycheck Protection Program (PPP) for businesses seeking a PPP loan for the first time (a First Draw PPP Loan) and permits eligible businesses that received a First Draw PPP Loan to apply for another PPP loan (a Second Draw PPP Loan). In addition, the Act implements some important modifications to...
By: Robinson & Cole LLP